Nifty Weekly Analysis - Still Correction is Pending
Hello,
Nifty is in a bullish trend in all higher time frem but still one small correction is pending which will be around to 12000-12050 zone.
Before this correction 12300-12345 will be the major supply zone and 12000-12050 and 11975-12000 will be the strong demand zones.
I am not expecting one way fall or one way upside because there are multiple supports at downside and resistance at upside. So I will create long or short position in option writing instead of Future.
Trade Well
Nifty is in a bullish trend in all higher time frem but still one small correction is pending which will be around to 12000-12050 zone.
Before this correction 12300-12345 will be the major supply zone and 12000-12050 and 11975-12000 will be the strong demand zones.
I am not expecting one way fall or one way upside because there are multiple supports at downside and resistance at upside. So I will create long or short position in option writing instead of Future.
Trade Well
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