Price may find hard to move beyond the SUPPLY zone. It may retest the DEMAND zone ~11300-11200. After clear accumulation, price will move up. Gap created on 4-Sep may be filled. For week Sep14-17: UPPER ZONE: ~11500 - 11600 LOWER ZONE 1: ~11300 - 11200 LOWER ZONE 2: ~11000 - 10900
Trade active
⋅
14-Sep-2020, 22:26: Gap created on 04-Sep is filled today and the SUPPLY zone remains intact. Retest of DEMAND zone ~11300 is likely to happen and if breached could go further down. The upper and lower zones given are same.
Trade closed: target reached
⋅
16-Sep-2020: 15:38: Nifty is in clear trend and has cleared the upper zone of 11600. Tomorrow 17-Sep is expiry day and again retest of 11600 may happen for accumulation of volumes and resume upside move.