Nifty Breaks Out of The Falling Downtrend Line!As discussed in the previous Weekly Analysis, Nifty has begun it's Pullback!
Time to prepare for Coming Weeks..
We face Resistance at 3 Zones
1. Small Resistance at 23350+-100
2. Large Resistance at 23800+-100
3. Mega Resistance at 24800+-100
These are the zones where some profit booking can be anticipated.
Accordingly 3 Scenarios are in the Play.
Understand that Trading is a Game of Probability.
It's advisable to be prepared for any of the 3 Scenarios A B C.
Although Technically Scenario B seems to the most likely one to Play Out.
Share your Thoughts and Views in the Comments section to make this Publication a more Fruitful one.
