As we can see NIFTY got rejected from our identified supply zone and failed to close above. Hence, we can expect NIFTY to resist and fall but if it closes above the supply zone, it would become a demand zone and help NIFTY to show strong short covering. So, plan your trades accordingly and keep watching everyone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.