There is a Supply Zone @ 17800-17900 in Weekly and Monthly both Timeframe. Weekly closed in the Supply Zone. Nifty having multiple supply zones @ 17800-17900 and 17935-18300. There are multiple Supply Zones on the Upper side. Demand Zone @ 17400-17450
I will find sell opportunity if there is a negative price action from Supply Zone. I will find buy opportunity if there will be a strong buying from first Supply Zone and if price will able to sustain above 17950. Positive Sigh is there is RSI Divergence on Daily Chart...
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NIFTY FMCG and NIFT AUTO outperformed last week Stocks: ITC - BRITANNIA - M&M - NDR AUTO COMPONANTS - AUTOMOTIVE AXLES
Trade ativo
Negitive Price Action from 17800-17900 Supply Zone.
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I think Yesterday's17700 Put writer are Trapped...they failed to move price above supply zone
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