Nifty: Supply and Demand Zones for the Next week

1st Bullish Sign if Nifty will give daily close or sustain above 11200. In this case Nifty may test its next Major Supply Zone @ 11300. and in any case If it will manage to sustain above 11300 then it my test its next Supply Zones @ 11350-11450.

There are multiple Demand Zones between 11050 to 11200. In any case if it will give daily close or sustain below 11200 then, I may take a short position in 11000 put.

11050 to 11300 is a Sideways Zone but I will not preferer to take positional short trade because still there is no damage in short term bullish structure.

Thank x
Have a gr8 Weekend :)

Comentário:

Most of people though 11300 is a breakout level but it's not a breakout level.
Market will be choppy between below 11350. I will update once breakout will come and market will be trending.

Comentário:

1st Positive sign is that from last 3 days Nifty shifted its sideways range on the upper side ( above 11250).
Next Major hurdle @ 11400. Once it will sustain above 11400 it will move to 11480-11500 zone.