Wednesday, February 1, 2012

Nifty Demand and Supply Zone- 1 Feb

Nifty’s Demand and Supply Zones:-

  • Nifty made High of 5217 two times and it is showing resistance and supply zone. If broken with volumes then upside is possible.
  • 5163 to 5155 may work as Demand Zone for short term. If broken then downside possible for today.

Check the chart 1 below.


Check the chart 2 below Update at 2.50PM

See How Nifty Rallied from Demand Zone and broken resistance also and given 80+ points


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For Further Reading,
Demand and Supply, Nifty Technical Analysis


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