As we can see NIFTY got rejected exactly as analyzed. We may see this rejection to continue as long as NIFTY manages to hold itself above the demand zone turned supply zone. Hence, as long as we are below that zone, every rise can be sold. 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.