NIFTY TRADING IN MEGHAPHONE PATTERN INSIDE THE BIG CHANNEL(SHOWN WITH RED LINE)... TRENDLINE RESISTANCE COMES NEAR 12450 & SUPPORT IS NEAR 11100
BREAKING DOWN MEGHAPHONE PATTERN WILL BRING BIG CORRECTION IN MARKET...
It seems that nifty is making rounding top and "B" wave is completed @10985.
Currently trading in triangle.. look for breakout or breakdown from triangle pattern
breakdown will target 10600-10500 the support zone
stay cautious at cyrrebt levels.. or hedge your position