NIFTY close @ 9250. On the upside, there is a major supply zone near the 10000 levels.
And on the downside, there is a major demand zone for this week near the 8800-9000 zone.
Below 8800 next demand zone @ near 8500.
Nifty is making lower highs and lower low in higher time frame Nifty closed @ 12080 and there are multiple supply and demand zones in 12980-12200.
I am Bearish in Nifty but I will trade in Nifty once it will start respecting any supply and demand zone between 12980-12200 or sustaining below 11980 or 12200.
Lets Quickly Check Weekly Chart, So this week nifty closed on negative note ( -70 points). Weekly opening was quite and Nifty also tried to fill the gap created in Feb18, however it did not closed above it on weekly basis.
As i have mentioned in my previous post , that Nifty has this Gap on its weekly chart from where it has seen quite a fall, and for any...