NIFTY reached the upper line of supply area and just crossed and made a spinning top. Doji and spinning tops are the indecision areas and a probable reversal areas.
Any upward movement should be viewed with caution, as breaking the supply area is not so easy and lot of strength is required. To get conviction a few closes above this area needs to be looked into. 15350 plays an important role and holding above this is a must for upward momentum. Any close below 15350 indicates weakness in the Nifty.
Any upward movement should be viewed with caution, as breaking the supply area is not so easy and lot of strength is required. To get conviction a few closes above this area needs to be looked into. 15350 plays an important role and holding above this is a must for upward momentum. Any close below 15350 indicates weakness in the Nifty.