As we can see NIFTY has finally breached its previous swing but is showing signs of rejection around 25900-26000 levels as it is now trading at important GAP which has been filled and cam act as a resistance as long as NIFTY doesn't sustains itself above 25900-26000 psychological level every rise can be sold as it could be a possible trap leading to sharp fall. Moreover one who had been rallying this uptrend from our zones should start booking partially and wait for signs of reversal or sustainment above 26000 level for confirmation so plan your trades accordingly and keep watching everyone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.