Long story short :
Monday Price opened below resistance zone. Pushed price all the way to its weekly support zone. On Tuesday , opened just above the support zone (target 1 on my weekly analysis) and bounced back to resistance zone. We are almost back to where we started this week
FOR ANY UPMOVE, PRICE NEEDS TO
SUSTAIN ABOVE THIS LEVEL.
Downside, 17074 will be...
- 17263/17290 will be the decisive level for nifty this week for any up move
- 17094 will act as immediate support
- How the price react on this level decide the future direction of nifty
- omicron variant and continuous FII selling , Inflation , tapering with all these negative sentiment in the market , we can expect further downward movement in the market to...
