Nifty futures took resistance at 25300 zone last week and came back to support zone of 24500.
Last Friday price produced bullish candle at support post gap down opening. As of now, price is still range bound and looking to hold support. A break of PWL and support zones may hint at a negative closing for the week else it is positive.
Last Friday price produced bullish candle at support post gap down opening. As of now, price is still range bound and looking to hold support. A break of PWL and support zones may hint at a negative closing for the week else it is positive.
Trade active
Nifty futures again hinting at bearish candle in the coming days. We may reach towards 24500 zone in the coming sessions. 25000 is the resistance now. A break of this is needed for upside continuation.
Trade closed: target reached
Bulls held 24750 level on Nifty futures this morning. Hence this opens the possibility of expiry being sideways to positive.
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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.