As we can see NIFTY showed strong rejection from our supply zone as analysed despite forming hammer kinda pattern in daily time frame. Following our analysis, unless NIFTY sustains itself above 25450, every rise can be sold till 25150 levels. So, one should not make any new fresh position at current levels and wait for either levels to break for continuation of trend. So, plan your trades accordingly and keep watching everyone.
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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.