Nifty Trading In The Supply Zone
There is a Supply Zone @ 17800-17900 and 17935 to 18320.
Currently it is trading in the 17800-17900 Supply Zone.
Risk to reword is favourable to take a short position.
It will be strong once 17800-17900 supply zone will convert into Demand Zone.
Currently it is trading in the 17800-17900 Supply Zone.
Risk to reword is favourable to take a short position.
It will be strong once 17800-17900 supply zone will convert into Demand Zone.
Note
Strong Buying is absent from the supply zone ... positive sign for Short Position...Still Strong selling is also absent....Let's see...Note
It is important to get the strong follow through below 17800 otherwise...will have to close the short positionNote
Note
When price is moving up...Heavy Short position is crated in 17900 and 18000 CE in Monthly Exp...not able to see bullish price action from supply zone... very confusing between 17800-17900Note
Nifty @ 17840 --- Expecting trending market on the downside
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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.
Related publications
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.