Be Neutral Untill Unless it breaks the Trend line
My weekly view (Link below) My Trades today I did not trade today. My Observations for NIFTY NIFTY was mostly down and closed 0.56% down BANK NIFTY suffered 3.59%. Reliance came very near to 2200 level and then settled 0.47% higher. VIX gained closed to 2% Advance decline ratio 18 to 32. FII and DII data are a little on the negative...
wait for your entry, do not hurry, either it will go up or down after that we will enter in trade, follow me and support me, education is all obout sharing
A symmetrical triangle was spotted, however the breakout could pass the 3% closing test and hence no trade. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Nifty has formed a symmetrical triangle. Could break either side.