Nifty 50 IndexLong
Nifty is Showing Strength to Move above 17000.
Updated
Strong Demand Zone @ 16400-16500: Very high Probability to brake 16800-16850 Supply Zone and Test it's next Supply zone @ 17000-17400.
Resistance are: 16600 and16750
Weak Demand Zone @ 16250-16350: Less Probability to brake 16800-16850 Supply Zone. High Probability to brake 15900.
Resistance are: 16400
As per my view Nifty Should brake 16800 and move to it's next Supply because there is a strong Bullish Candle in July month on Monthly chart and it took Support From it's Strong Demand Zone.
But I will change my Long and Short Position According to the levels.
Resistance are: 16600 and16750
Weak Demand Zone @ 16250-16350: Less Probability to brake 16800-16850 Supply Zone. High Probability to brake 15900.
Resistance are: 16400
As per my view Nifty Should brake 16800 and move to it's next Supply because there is a strong Bullish Candle in July month on Monthly chart and it took Support From it's Strong Demand Zone.
But I will change my Long and Short Position According to the levels.
Note
Support Moved to 16650-16750...Still 16750-15680 is a Supply Zone. Fresh Long Position above 16850.Note
Trade closed: target reached
It may test 17300-400 zone then retrace.Note
Note
Moving above 17140 which was a resistance...Daily close above 140 will be another positive sign to reach final target @ 17300-17400Note
Please check the new post for further updation.Trade closed: target reached
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