As we can see NIFTY got rejected exactly from the level we expected with proper reasoning of previously acting SUPPORT which now acted as a RESISTANCE! Now we may see NIFTY making new low finding new demand zones around 21800-21600-21400-21000 levels respectively hence keep shorting unless NIFTY closes above the given stricture so plan your trades accordingly and keep watching.
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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.