Nifty arrested in top flat channel ... now what !!!It seems Nifty is trying hard to get on the roof slab but failing every time. twice it tried and failed and hardly in the gap of 20 days (16 sessions).
Technically Nifty has created a top flat channel again like last time. It always gains volatility in this channel and creates confusion by developing sub-support zones. Basically, the index tries to create steps to get into the roof because of its failure of Superman's strategy.
Now what to be done, Decision can be taken only on the upside breakout but if it breaks downwards then it's once again a failed try of the index. Only a bearish call can be taken if the index creates a lowerlow.
So sit tight to enjoy the cinema.
