Nifty in Supply zone

NSE:NIFTY   Nifty 50 Index
Nifty Spot is entering supply zone of
12370-12390 so few point higher 12392
can be considered a tough resitance
that may be tested today or tomorrow(17 Jan 2020)
So a close above 12392 may give a uplift for another 300-400 points
Supports are at 11795, 11585, 11505, 11215 and finally 11008
Resistance is same 12370-12392
Comment: Just see how it turned from 12392
High 12389.05
Booked 48 points intraday profit
Comment: Today (20 Jan 2020)
I again booked 30 points in Nifty fut
although nifty spot opened 12430
but slided just after opening and 12392 again played good resistance
i booked future when spot at 12343
Comment: Today (20 Jan 2020)
Hit Low 12250
Comment: Low made so far 12088
Comment: Low made on 28 Jan 2020
Comment: Booked 250 points today
from a positional short
Trade closed: target reached: Cleared final lot at gain of 350 points per lot
Game Over !!!
Comment: Just update:
Hit Low 11633


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.