AS we can see despite a strong recovery in both midcap and banknifty, NIFTY remained more like sideways to negative throughout the day despite its strong opening as analysed in our previous post that it has reached its important supply zone which is also a psychological level of 22500 hence unless NIFTY breaches and sustains itself above this level, we can expect NIFTY to remain sideways to negative unless it breaks out and shows unidirectional move so plan your trades accordingly.
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