NIFTY.. time to slow down?
Nifty after a 1000 point rally has a hit an importance zone maked by the two bluelines
consider the rally which was quick and vertical in the short term, i dont think can cross the resistance zone at one go.
and there is a gap at 11380 and 11480 levels
can retest 11480.
as long as the gap is defended the resistance zone marked will be crossed with time and a new high is possible
consider the rally which was quick and vertical in the short term, i dont think can cross the resistance zone at one go.
and there is a gap at 11380 and 11480 levels
can retest 11480.
as long as the gap is defended the resistance zone marked will be crossed with time and a new high is possible
Note
11480 tested and closed below.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.