NIFTY: Intraday Supply and Demand Zones
As 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
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
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