Nifty 50 Analysis 09/04/2021

Two Critical Points. By Analyzing Nifty 50 Chart on 09-04-2021

1) Wide Demand Zone , But Weak Support Area . 14263 - 14517

If Price breaks any of the nearest Trend Line / Supply Zones In Days Closing
Then, It is expected The price will fall to this support Area .
(Price broke 14829 on 09/04/2021, Price may trend down after retest)


2) Strong Supply Zone , And Strong Resistance.14829 - 14881
(The Retest Done on 09/04/2021, Downtrend Pennant is formed)

****A Target of 14735 Can be achieved on 12/04/2021*******

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You are exclusively responsible for your Profits and Losses.
Use the Ideas with your own Risk.