Nifty Stuck near 12000 - Resistance long term trend line
Nifty seems to be stuck around 12000 levels, which shows a resistance for the trend line starting from 2010.
The supporting trend line shows arount 15-18% lower from the current level, but has multiple supports between this area.
I personally feel the market can correct or consolidate in 5-8% for period of time.
The supporting trend line shows arount 15-18% lower from the current level, but has multiple supports between this area.
I personally feel the market can correct or consolidate in 5-8% for period of time.
Trade active:
GETTING STUCK AGAIN AT THE UPPER TRENDLINE,
I FEEL THE GAP BETWEEN 11400-11600 WOULD BE FILLED IN DUE COURSE.
I FEEL THE GAP BETWEEN 11400-11600 WOULD BE FILLED IN DUE COURSE.
Comment:
MARKETS WOULD BE INTERESTING TO WATCH ONCE NIFTY BREACHES 10700.
Comment:
Just watch the nifty movement and the trend line.
I FEEL THE MARKET WOULD BE IN THE RANGE OF 10700 TO 11200.
SHORTS TO BE HELD WITH A STOPLOSS OF 11200.