see the chart ...
NIFTY has broken above the trendline line of the down move in one charts. looks like a short term upmove can continue
Yesterday Bank Nifty closed above its supply zone @ 17800-18360. Today if it will manage to sustain above this zone it may test 19100-19400. There is less probability to sustain below this zone. 19750-20230 is a short term major supply zone.
Yesterday Nifty closed above its very short term major supply zone @ 8000-8100. On the upper side next demand zone @ 8250-8330. Once it sustains above this zone it may test it’s next very short term major supply zone @ 8520-8660. It’s not easy to sustain above this zone. In any case, if it will manage to sustain then it may test its next supply zone @ 8880-9000....
Om Namah Shivay Was trying to find the cause of the 12430 top. In the process Nifty price square was found at top. Everything is not explained in the chart, I am still in the learning process. What is the meaning of Om ? Ans : 'I' the Soul Om Namah Shivay