Donchain Channel

NSE:NIFTY   Nifty 50 Index
The donchain channel gave a buy signal for nifty at 8285, Bought nifty at 8330, If nifty breaks 8460 today the next immediate resistance for it is at 8593, if nifty is not able to consolidate above 8460 remain cautious for a change in trend.
Comment: Exited the long position, as nifty was not able to close above the previous days high.


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