NIFTY Price Action
Please try to understand how the market moves around the round numbers, where usually support and resistance levels are formed.
SUPPORT BECOMES RESISTANCE AND RESISTANCE BECOMES SUPPORT.
If there is a gap down opening below a support level, so when the price starts moving up, that support will act as a resistance.
If there is a gap up opening above a resistance level, so when the price starts moving down, that resistance will act as a support.
SUPPORT BECOMES RESISTANCE AND RESISTANCE BECOMES SUPPORT.
If there is a gap down opening below a support level, so when the price starts moving up, that support will act as a resistance.
If there is a gap up opening above a resistance level, so when the price starts moving down, that resistance will act as a support.
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