NIFTY got rejected exactly as analysed

Mar 11

As we had analysed in our previous analysis that every rise could be a selling opportunity in NIFTY as it has maintained itself in more like an rising wedge pattern which is a bearish pattern hence we may still expect NIFTY to correct taking support at the lower trendline! We can see NIFTY is trading at a SUPPORT hence if NIFTY opens strong then we may see a good recovery else we may see another sideways to negative market so plan your trades accordingly.