NIFTY has been trading sideways on a larger timeframe, since we had broken down the longer term swing trendline.
From an immediate trading point the key inflection points are marked. have marked the zones. will follow through on this.
preference is to look for a downside break and a re test of 10680s once we manage to break outside the minor consolidation zone that we are in
From an immediate trading point the key inflection points are marked. have marked the zones. will follow through on this.
preference is to look for a downside break and a re test of 10680s once we manage to break outside the minor consolidation zone that we are in
Commento:
yesterday's low marked was just at the upper edge of a previous resistance zone( marked in red ) expect that to continue to be a support for now. if that breaks on the other hand.. can provide a good short set up