Before placing any trade one should see longer term view
Price broke pervious swing low and taking support, see the levels for confirmation
after a long rally price is losing momentum.
price broke cone pattern with the huge move towards upside this show some bullish presence, now price at resistance level wait until price break resistance and retest the support, then make your move accordingly
On 5th march. NIFTY broke resistance level with impulsive move, i am expecting retracement & retest a support @ 10930-11000 before long. And some correction has been happened in Auto,Metal & IT sectors is also positive for nifty index
According to structure-based analysis. price is in the downtrend and also looks weak, look for shorting on levels mentioned and RSI should face resistance at 60-70 levels.