top of page

Nifty at a Strong Demand Level

Updated: May 19, 2022

If you have Already Burnt your Hands In the Current Fall its Time to be More Cautions As Nifty is very Crucial levels.

We have recently Seen a Very Steep Fall in Nifty which is Highlighted in the Above Image using the Steep Down trendline. We may See a good Bounce back If nifty Closes Above these Levels and the fall will continue as long as nifty keeps taking resistance at these levels.

Nifty has now reached a Demand level which acted as support previously and gave some bounce back but Considering the current scenario and the previous 2 reaction from demand zone we have to be a lil careful here. Safe Traders Can wait for the Steep Down trendline to Breakout whereas Risk Takers Can take a bet at Support levels with small Qtys. Our Stand- We are now Entering nifty at Current Support Levels with small Qtys and Continue Holding till Stop loss.