NIFTY respecting the trendline..?
As we can see NIFTY again maintained itself in the range despite opening strong, it hit our upper level of 19850 and got rejected and fell in second half after much of consolidation. Now that NIFTY has managed to maintain itself above the trendline, it can further broke the above level with unidirectional move but if NIFTY breaks the trendline below, we can again see NIFTY being sideways to volatile throughout the day so plan your trades accordingly.
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