NIFTY Waiting For Breakout
Updated
1) NR7 Rectangle formed waiting for a breakout
2) 11840/50 has strong support 12000 has strong resistance as per options chain analysis
3) last week completely in consolidation and whatever move is not volume supported up move
4) out NR 7 - 5 are bearish candles
5) Nifty is Bearish in the short term but waiting for a breakdown wait & watch
2) 11840/50 has strong support 12000 has strong resistance as per options chain analysis
3) last week completely in consolidation and whatever move is not volume supported up move
4) out NR 7 - 5 are bearish candles
5) Nifty is Bearish in the short term but waiting for a breakdown wait & watch
Note
Still Nifty in Consolidation Wait & Watch Strategy till 11800 breaks better not to trade in Options high premium decay is there
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