NIFTY CROSSING SUPPLY ZONE NEXT MOVE TOWARDS
SUMMARY
*index constantly saw rejection in the zone of 17590-17620 in nifty
*from there we have seen lows of 17000/16830/16780 on downside
*we are re-tracing from there towards the breakdown levels
*after weakening supply zones and less expected institutional activity from next week
*market will try to take out the supply zone
*now we have a falling trendline and head and shoulders neckline (rising) as resistance for upside
*since we will take out 20-day moving average and start to trade above it we will see short-covering from call writers
NIFTY LEVELS TO WATCH OUT FOR
RESISTANCE LEVEL EXPECTED
17750-17830-17902
SUPPORT LEVEL EXPECTED(resistance turned support)
17570-17600-17620
NOTE:-
*markets are volatile
*trade safe
*do not overtrade
*for more index and stock updates check the link in the signature box below
👇👇👇👇👇👇👇👇👇
*index constantly saw rejection in the zone of 17590-17620 in nifty
*from there we have seen lows of 17000/16830/16780 on downside
*we are re-tracing from there towards the breakdown levels
*after weakening supply zones and less expected institutional activity from next week
*market will try to take out the supply zone
*now we have a falling trendline and head and shoulders neckline (rising) as resistance for upside
*since we will take out 20-day moving average and start to trade above it we will see short-covering from call writers
NIFTY LEVELS TO WATCH OUT FOR
RESISTANCE LEVEL EXPECTED
17750-17830-17902
SUPPORT LEVEL EXPECTED(resistance turned support)
17570-17600-17620
NOTE:-
*markets are volatile
*trade safe
*do not overtrade
*for more index and stock updates check the link in the signature box below
👇👇👇👇👇👇👇👇👇
Note
FALSE BREAK IN NIFTY NIFTY SUPPORT NEAR 17430-17370
BUT A THIS MOVE TODAY SHOWS SELLING PRESSURE AT HIGHER LEVELS
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