As we can see despite sigsn of REVERSAL, NIFTY fell unidirectionally which was completely unexpected which changes the overall scenario from BULLISH to BEARISH. Hence as long as we are below the supply zone, every rise could be sold and can be sold strongly if breaks below 24340 levels and would hold for a bigger target as there is a pending gap that needs to be filled unless a strong demand zone comes up for successful reversal 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.