As we can see NIFTY tried to recover after hitting demand zone multiple times but ended up forming an inverted hammer candle showing the dominance of seller but on the bigger time frame, it can still be seen trading above important demand zone and a doji kinda candle in weekly time frame so we may expect NIFTY to recover sharply if manages to sustain itself above 25900 so plan your trades accordingly and keep watching this important zones.
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.