Swapilchoksi

Updated Levels for The Nifty

Education
Swapilchoksi Updated   
NSE:NIFTY   Nifty 50 Index
Hello,
Nifty has broken the major demand zone @ 11915-11930. Now the short term chart is damaged.
On Saturday Nifty closed @ its major demand zone @ 11595-11640. Sustain below this zone another 80-125 points downside range will open and it may test 11520 and 11490-11480 zone. On the upside first supply zone @ 11710-11720.
I want to see its trading range on Monday for at list 30 mins to 1 hour then only I will take a trading call.
I will decide once the market will open.

Trade Well.
Comment: 11720 level is failed. If it will hold 11600 then on the bounce I will sell 11700 or 11750 call. Once it will Sustain below 11600 I will sell Future.
Order cancelled: I am going to avoid trades in index today...again it is trying sustaing above supply zone @ 11720-30. If it will sustain above this zone then it may test 11800. I will wait for some more time for the double conformation.

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.