As we can see in the monthly charts of Nifty 50, the overall market is consolidating in a range of 15000-19000 and I think it will continue to do so for some time.
Previously valuations have fallen to their lows and currently, we can say that the market is fairly valued. From hereon we can see the valuations consolidating for some time which will also reflect in...
The idea should work in ideal condition. Markets are heavily influenced right now by institutional selling. Idea based on support - resistance formation.
Analysis by Pranay Jain a.ka WizSmash
