NIFTY--Exhaustion Or Initiation??
The Nifty index also same.... as Bank Nifty
Price is exactly closed at strong support....19500 level...
Previously multiple times rejection to the topside is observed at this level...
Now the same level rejects the price downwards.....its bullish again.
If sellers exhausted today, tomorrow price is bullish...
If this is an Initiation of sellers again price is bearish...but already price is in premium zone...
if this is a continuation of down move...will look for buy @discount.
careful before enters in short...
Note:: Please check this post before reading the above description.
Price is exactly closed at strong support....19500 level...
Previously multiple times rejection to the topside is observed at this level...
Now the same level rejects the price downwards.....its bullish again.
If sellers exhausted today, tomorrow price is bullish...
If this is an Initiation of sellers again price is bearish...but already price is in premium zone...
if this is a continuation of down move...will look for buy @discount.
careful before enters in short...
Note:: Please check this post before reading the above description.
**If these ideas are Helpful !
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Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.