As we can see NIFTY did try closing itself above our zone but failed and hence unless it closes above the supply zone every rise could be sold as the previously acting demand zone could now act as a strong supply zone which could show another rejection and continuation of downtrend 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.