Hello traders,
I see the Nifty has been in a consolidation. After a downfall it is consolidating and ended with a positive weekend (Friday)
To start the Nifty might be in a sideways then it may go upward to test the 1st level 19600, 19650, 19700 and so on.
There will be retesting after every 50 to 70 points breakout.
Always stay cautious in the second half session. It could be either way move period. However I'm bullish if it crosses 19750 with a valid retest back to 19650 or 19700 levels.
Always previous day low and high , previous day close are important to note. It all could act as resistance or support on intraday basis.
Thanks
I see the Nifty has been in a consolidation. After a downfall it is consolidating and ended with a positive weekend (Friday)
To start the Nifty might be in a sideways then it may go upward to test the 1st level 19600, 19650, 19700 and so on.
There will be retesting after every 50 to 70 points breakout.
Always stay cautious in the second half session. It could be either way move period. However I'm bullish if it crosses 19750 with a valid retest back to 19650 or 19700 levels.
Always previous day low and high , previous day close are important to note. It all could act as resistance or support on intraday basis.
Thanks