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.
Trade active
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GETTING STUCK AGAIN AT THE UPPER TRENDLINE, I FEEL THE GAP BETWEEN 11400-11600 WOULD BE FILLED IN DUE COURSE.
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AFTER TOUCHING 10780,NIFTY REBOUNDS. I FEEL THE MARKET WOULD BE IN THE RANGE OF 10700 TO 11200. SHORTS TO BE HELD WITH A STOPLOSS OF 11200.
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MARKETS WOULD BE INTERESTING TO WATCH ONCE NIFTY BREACHES 10700.