Nifty Demand and Supply Analysis for 8th Feb

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Nifty Demand(Support) and Supply(Resistance) analysis:-

• Nifty is having strong demand at 5326 to 5316 Zone, We have bought at this zone with Stoploss of 5293.
• Nifty is having Strong Supply at 5400 level…. but as this is uptrending market shorts should be done only with tight stoploss. If this is broken then more upside is possible.
• Nifty Closed below its DHEMA 5340 … so in strong uptrending market buying can be safe below DHEMA … risk reward ratio is very good in favor of buyers.
• Nifty is also My AMF  value 5319 so can be good buy provided supported by US and EU.

Check Chart below….which shows DEMAND and SUPPLY ZONES

For Further Reading,

Demand and Supply, Nifty Positional Update, Nifty Technical Analysis