NIFTY Outlook
Strong Resistance Zone: 12020-12040
Minor Support Zone: 11800-11830
Strong Support Zone: 11680 to 11720
NF may test its minor support zone @ 11800. On a daily closing basis, 10800 is an important level.
If it will not able to sustain above 11850 to 11800 zone then it may test its major support zone: 11680 to 11720.
Still, Trend is Bullish on Higher Time Frame.
For the Fresh Long Position, Wait for the confirmation whether NF will take support @ Zone: 11800-11830 or Zone: 11680 to 11720.
For the Fresh Shot Position, if it will sustain below 11850 it may test 11800 - 11680-11750-11700
Tgram at jtradingview
Strong Resistance Zone: 12020-12040
Minor Support Zone: 11800-11830
Strong Support Zone: 11680 to 11720
NF may test its minor support zone @ 11800. On a daily closing basis, 10800 is an important level.
If it will not able to sustain above 11850 to 11800 zone then it may test its major support zone: 11680 to 11720.
Still, Trend is Bullish on Higher Time Frame.
For the Fresh Long Position, Wait for the confirmation whether NF will take support @ Zone: 11800-11830 or Zone: 11680 to 11720.
For the Fresh Shot Position, if it will sustain below 11850 it may test 11800 - 11680-11750-11700
Tgram at jtradingview