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Jul 26, 2020 6:24 PM

Nifty Struck Inside Channel 

Nifty 50 IndexNSE

Description

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.



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