PowerTrades

NIFTY Continues sideways expansion

NSE:NIFTY   Nifty 50 Index
NIFTY has been trading sideways on a larger timeframe, since we had broken down the longer term swing trendline .
From an immediate trading point the key inflection points are marked. have marked the zones. will follow through on this.
preference is to look for a downside break and a re test of 10680s once we manage to break outside the minor consolidation zone that we are in
Comment: yesterday's low marked was just at the upper edge of a previous resistance zone( marked in red ) expect that to continue to be a support for now. if that breaks on the other hand.. can provide a good short set up
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