pramodshrivastava

Nifty- stuck in a zone-consolidating

Short
NSE:NIFTY   Nifty 50 Index
Nifty is still stuck inside a band around 17200-300 . Only when it gathers strength to break out beyond 17450 can we see it move to the next logical resistance level of 17670. Today despite net buying by both FII & DII -total 1749cr and sharp decline in crude oil prices, we didnt see the desired breakout above 17450 in Nifty. So will todays bullish candle be followed by an upside move tomorrow-- CPR is narrow and a trending day is expected. VOX has fallen to 21.3 indicating that markets will be less volatile than we have seen it in weeks. So will there be yet another correction or breakout? What do you think?
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