NIFTY, DESCENDING CHANNEL#nifty
Nifty is continuously making LH, LL Formation.
Has formed a typical descending channel, wherein it bounced back from lower TL of channel today.
Longer the nifty stays inside this channel, volatility will increase.
If nifty saves 16400 till this week, then expecting some good upmove, else we will break 200 DEMA and 15850-15900 is definitely on charts.
#vr
