Nifty had a solid run last week, however, there are several resistances going forward. Nifty might struggle going ahead in the coming week. It appears that the zone of 23500-23800 is a strong resistance zone. Will it crossover, consolidate or collapse?
Previous Daily swing high=23807, Equal Rally distance =23559,
38.2% retracement= 23612, 50% Retracement=24121, 200 DMA=24068
Previous Daily swing high=23807, Equal Rally distance =23559,
38.2% retracement= 23612, 50% Retracement=24121, 200 DMA=24068
交易進行
This worked too, Nifty hit around 23850 levels and retraced. It could not go beyond 23800 for the entire week.
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