NIFTY
CMP 17,784
Qty: 1 Lot
Nifty has formed the demand zone recently , and getting support from the demand zone following are the possibilities of a quality trade.
1. If Nifty falls then it will get support at (17705-17751). if sustains Buy call 17,700. around it. in case of (17705-17751) is broken then another support is at (17,430-17,493) is another level of buying.
2. 17920-17,953 is the supply zone , Nifty will face some resistance to cross it. if broken buy call of 17,900/-
3. 18,292-18,346 is the supply zone, will face resistance to cross the zone. if not able to cross-buy a put of 18,300/-
Disclaimer: This is an Analysis for training and learning purpose . Consult a financial advisor before entering in trade. the author may enter in trade, take your own decision , This is a trading idea not a trading or investment advice.
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