Nifty is still in a bearish mode Now price is near to a medium level of support which is lies at 22500 levels. Price is likely to bounce from these levels,we have bullish gap also at these levels after completion of this gap price will bounce back to grab the liquidity.
Liquidity Zones: We have a lot of liquidity lies above the 24300 and 24900 levels on upside. After taking these levels price will take the liquidity below a strong Support at 21800 levels, multiple times price bounces from this levels. If price consolidation happens above 23800 levels then only it will take the liquidity above 2 levels.
Ontop side we have a trend line liquidity as well,if we connect 24300 and 24800 levels will observe this trendline liquidity.
Budget moves are so typical, it will clears liquidity on bothsides So kindly look for investment at these areas, Nifty may create a double bottom at election Level low, this place is good for investment. Once cool down it comes back to these areas and likely continue its trend towards upside.
1st place to look for investment at 21800 level 2nd level if price gives another correction of at least 8-10% below these levels.
Watchable levels for buying 22500 and 21800 On topside, liquidity areas 24300 and 24900.
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**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--
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.