NIFTY - UPCOMING FINAL "DIRECTIONAL BREAKOUT"

It is been observed that the markets are consolidating for more than a week and now it has formed and completed an ascending triangle pattern formation and once breakout confirms on either side of the formation then it shall provide a good directional move in the market.

Key Levels: Support 9910 Resistance 9965 (55 points range)

Comment:

Currently, Markets consolidating, It is wise to not take any new trades until further direction is confirmed. Thanks

Comment:

Nifty continues to be range bound as both key support and resistance levels still intact. Thanks.

Comment:

Another way to look at on daily chart,

Levels 9910 & 9960

Thanks