📊 NIFTY – CHART ANALYSIS
CMP: 23,186
▪️ Resistance: 23,350 – 23,400 🔴
▪️ Strong Resistance: 23,600
▪️ Support: 23,070 🟢
▪️ Strong Support: 22,800
▪️ Price facing rejection from supply zone
▪️ Weak bounce, no strong bullish confirmation
▪️ Structure still sideways to bearish
▪️ Above 23,400 → Short covering rally 📈
▪️ Below 23,070 → Sharp downside continuation 📉
▪️ Strategy:
Wait for breakout only
No trade in middle zone ⚠️
▪️ View: Trap zone, volatility expected on Friday ⚡
CMP: 23,186
▪️ Resistance: 23,350 – 23,400 🔴
▪️ Strong Resistance: 23,600
▪️ Support: 23,070 🟢
▪️ Strong Support: 22,800
▪️ Price facing rejection from supply zone
▪️ Weak bounce, no strong bullish confirmation
▪️ Structure still sideways to bearish
▪️ Above 23,400 → Short covering rally 📈
▪️ Below 23,070 → Sharp downside continuation 📉
▪️ Strategy:
Wait for breakout only
No trade in middle zone ⚠️
▪️ View: Trap zone, volatility expected on Friday ⚡
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.
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.