Consolidation phase expected

NSE:NIFTY   Nifty 50 Index
Nifty taking support at 100EMA (wkly) as well as a strong weekly trendline. Expecting a sideways phase of 2-3 months in a small range of 10800 - 11100 before it breaks the trendline to travel towards 10000 level. Swing traders need to be careful in this period. It will be safer to go for intraday moves and not carry position overnight

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