As we can see NIFTY managed to show some short covering but it is expected to remain short-lived as there exists an important supply zone around 24200. Until NIFTY manages to break above this zone, every rise can be shorted for bigger targets. 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.