NIFTY SEEMS NEGATIVEHERE, I am sharing my idea on Nifty at closing of 3rd January, 2025.
There is strong SUPPLY ZONE at 24,400 TO 24,250.
Next DEMAND ZONE is at 23,800 TO 23,700.
Long term view is BEARISH
RSI WITH SMA: RSI is below 50 mark and has failed to breach 50 mark in last trading session.
RSI MOVING AVERAGE is sloping downwards since 17TH DEC, 2024.
SO, 1ST TARGET of NIFTY IS 23,800 - 23,700
Once it crosses this DEMANG ZONE, Next target WILL BE, 22,800 - 22,650.
This is simply my attempt to predict Nifty, I am not asking anyone to trade based on this idea.
