Yesterday, the Nifty demonstrated bullish pressure above the significant resistance level of 17800.
As a result, it is expected that there will be a swift retest of this level, followed by a price increase.
Support range is 17800-17840 levels.
However, due to the monthly expiry, the price is currently consolidating within the range of 17960-17800 levels.
It is important to keep an eye on the untested supply zone at 17680, which is anticipated to act as powerful demand in the future.
As a result, it is expected that there will be a swift retest of this level, followed by a price increase.
Support range is 17800-17840 levels.
However, due to the monthly expiry, the price is currently consolidating within the range of 17960-17800 levels.
It is important to keep an eye on the untested supply zone at 17680, which is anticipated to act as powerful demand in the future.
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Please Like, Follow and Comment
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--Educational Purpose Only--
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" i am a IT-Trader "
Penafian
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.