A crucial level hence a bounce or break could be highly decisive in determining the direction of NIFTY in days to come.
For now we are on wait and watch mode.
Moving towards the channel bottom as plotted.
Lets wait and watch to see what happens here before we take any position.
Currently on wait and watch mode.
NIFTY is still trading within the channel.
11050-10950 is going to be a crucial support. IF this support is broken then there could be a huge sell off towards 10450-10030
STAY AWAY FROM TRADING for next couple of days!
Channel top going to offer string resistance. Watch out!
Channel top going to offer strong resistance. Watch out!
Retail traders enjoy the show by not trading for couple of days :)
Nifty facing strong resistance exactly at the channel top as mentioned above!