It is trying to take support from demand zone but follow through is missing on the upper side. Also there is Distribution happened on the upper side.
There is a high probability to test 16500 zone at the end of this month...
There is a high probability to test 16500 zone at the end of this month...
Comment:
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If Highest Long Side OI @ 17000 and 16800 is a strong Support then why not getting follow through on the upside.
Expecting sideways trend between 16765 to 17100....
Expecting sideways trend between 16765 to 17100....
Comment:
Because of weak buyers price not sustains on the upper side.
Comment:
This time unlikely to take support from 16850-16900 Demand Zone....
Trade closed: target reached
They already took control on 20th March but failed to take price to the next supply zone. In short Buyers are weak...