Marketzone

Nifty Struck Inside Channel

NSE:NIFTY   Nifty 50 Index
With current trading range Nifty trading inside the Channel.

Scenario 1: Currently is trading below channel middle. On breaking Friday high, price can move towards channel high around 10300-10350 Zone, from there price may fall towards channel bottom.

Scenario 2: In case channel middle is acting as resistance then can fall towards channel bottom and further breaking bottom can lead price towards 10600

Nifty Daily as sowing Below.


Trade with a plan. Respect your Risk. Money saved is money earned.