Charts reveal that the value area zones have been acting quite effectively and now with the current levels around 11180 attempting to prevent the cascading effect. The next value area lies only around 10960 (red line) which is around 220 points from the current zone. Overall factors do suggest that the Nifty would need a firmer resolve to revive from the current lows as we begin the week.
Idea Sourced From
Neo Trader
https://trade.chartadvise.com/
Idea Sourced From
Neo Trader
https://trade.chartadvise.com/