1. Nifty is breached Bearish Golden Pivot Zone (GPZ) and trading above Monthly Cam H4( Bullish Breakout) and traditional pivot level R1.
2. Nifty levels 19751-19851 having very strong supply zone but the good news is Quarterly pivot is at 19695 above this level and past 3 sessions nifty closed above this level. we can say above 19700 is now a very strong support.
3. Volume on daily time frame is increasing and above 13 moving average.
4. If Nifty Daily close above 19888 then we will see new higher high in upcoming weeks.
2. Nifty levels 19751-19851 having very strong supply zone but the good news is Quarterly pivot is at 19695 above this level and past 3 sessions nifty closed above this level. we can say above 19700 is now a very strong support.
3. Volume on daily time frame is increasing and above 13 moving average.
4. If Nifty Daily close above 19888 then we will see new higher high in upcoming weeks.
Trade active:
As I said in earlier comment 19700 is very strong support and today Nifty takes rejection from the lower level of 19700. Now I see Nifty expiry of 23 November above 19902 and November Monthly expiry is above 19971.
Trade closed: target reached:
Target is on screen