Nifty - Very short timeframe 30mins

NSE:NIFTY   Nifty 50 Index
In continuation of our previous views - the demand zone has been broken and retested today via the gap up and upmove (that was hrly TF). On the lower TF (30 mins) a bear flag seems to have formed. Any move below 8730 and sustaining for at least one/two candles can be bad for Nifty . Very bad infact. Longs keep your stops strict, shorts abv 8760.
Again, its very near to expiry so sometimes charts play funny games in fakedowns and fakeouts too .. keep tracking minutely .... trade safe


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