As we can see NIFTY is still in the range despite the strong upmove. Going by our analysis we can still see NIFTY has not broke the important supply zone and psychological level of 24500, which could hinder NIFTY from continuing its bullishness. Hence we can expect NIFTY to remain sideways and bulllishness will only be confirmed if NIFTY manages to close above the mentioned supply zone. 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.