Forming a bullish pin bar pattern today, ie absorbing all the supply at day end.
However, I still do not feel confident to go long on NIFTY because unless this resistance is beaten down, we may fall several times.
Moreover, we also have a gap between 17100 to 17300. Index should cover this gap first.
Will advise to go long only if we get a decisive close above supply zone.
However, I still do not feel confident to go long on NIFTY because unless this resistance is beaten down, we may fall several times.
Moreover, we also have a gap between 17100 to 17300. Index should cover this gap first.
Will advise to go long only if we get a decisive close above supply zone.