Nifty view for 29 Jan 2024: There is a break of structure found on 15mins TF. Since last 2 days price has traded in a range. However, there is Short term high and low lying for mitigation. As PD's price closed just inside the sell side imbalance area, in such case if price respects that area in such case price may initiate to mitigate the sell side liquidity lying at 21140. Overall market structures: 21485-21246-21140. Let see how price unfolds during live market.
Nifty view for 29 Jan 2024: There is a break of structure found on 15mins TF. Since last 2 days price has traded in a range. However, there is Short term high and low lying for mitigation. As PD's price closed just inside the sell side imbalance area, in such case if price respects that area in such case price may initiate to mitigate the sell side liquidity lying at 21140. Overall market structures: 21485-21246-21140. Let see how price unfolds during live market.