Nifty - Triangle formed, will it guide traders for week ahead !!
For Monday Nifty sailing above 11323 will provide comfort to the bulls, while a breach of 11229 may allow bears to take over.
Daily indicators have turned from mild bearish to mild positive after yesterday's (11th Oct) session, but the same for Bank Nifty are still weak.
Nifty and Bank Nifty may not move in different directions for long.
False signals are inevitable in volatile markets, wait for nifty to stabilise around a level for some
before taking a position, and do follow the stop for leveraged / trading positions.
Please consider hitting the LIKE button at the bottom if you found it worthy, you may FOLLOW me on this forum for periodic Nifty updates.
Daily indicators have turned from mild bearish to mild positive after yesterday's (11th Oct) session, but the same for Bank Nifty are still weak.
Nifty and Bank Nifty may not move in different directions for long.
False signals are inevitable in volatile markets, wait for nifty to stabilise around a level for some
before taking a position, and do follow the stop for leveraged / trading positions.
Please consider hitting the LIKE button at the bottom if you found it worthy, you may FOLLOW me on this forum for periodic Nifty updates.