Nifty50
NIFTY: Intraday Supply and Demand ZonesAs I have mentioned yesterday post that if Nifty sustains below 8050 it may test 7650. Today it closed @ 7610.
Now two major demand zones on the long term chart are clearly seen at 7000-7250 and 6300-6500.
On the upper side, there are two supply zones @ 7850-8000 and 8250-8350. It will be a good selling opportunity if Nifty will test the upper zone of these zones or breakdown of the 7450 zones.
tgram a t swapniltradingroom
NIFTY: Weekly ExpiryHello,
Nifty closed above its major supply zone @ 12085-12115. The trend will be positive if it will sustain above this zone. Its next supply zone @ 12160-12170. One it will sustain above this zone it may test 12200 and sustain above 12200 it may test 12245-12260 zone.
Please Find the supply and demand zones in the chart.
Trade Well
NIFTY: Now Everyone is Happy that Gap Filled...Hello, As I said in my yesterday post that once Nifty will sustain below 12100 it may test 12035-12050.
Now problem is that 12035-12050 level was on radar for many retail traders because of gap. Many traders also made long position from this gap. It will be the best business if market is this much easy. As per my analysis still there is a 50% chance that Nifty will test below 12000 level and make bottom near 11950-12000 zone. Ads I believe "bhav bhagvan che", I will wait for the price conformation before take a long trade.
Trade Well.
NIFTY is getting ready to make New Highs.Hello,
As I mentioned in my yesterday post that I am not bullish in Nifty for short term period.
12100 is a last support. Once it will sustain below 12100 in intraday it may test 12050-12035 zone. In coming days in case If Nifty will sustain below 12035 then 11965-11985 zone. I will change my view from bearish to bullish @ 12035-12050 and 11965-11985 zones and take a trade according.
Nifty should test any of this level on or before budget day. After budget again Nifty may resume it's uptrend.
Trade Well.