The next frontier for Nifty if it manages to sustain above this parallel channel resistance (12450-500) is near 13500, else a dip down to breakout area of 11900-12100.
what ever it means, you will not be wrong for sure :) even if nifty goes to 11900 or 13500 or stays around in mid ... have a conviction on what .. else all this does not mean anything
Dinesh_C_Nagpal
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@OptionsNumbers, for me TREND is my FRIEND and I am with it till it BENDS. The parallel channel gives the direction above / below the center-path. So my conviction is quite clear with that as a trail plus range for either side.