Nifty halted near resistance. to continue upward journey it needs to close significantly above 11710. But todays candle is a spinning top candle which shows indecision. so we may see some correction before going upward.
Bharti airtel trading in a bull channel. Channels can be traded very simply by buying at the lower channel line seeing any reversal candle and shorting at the upper channel line seeing any reversal candle. Avoid trading at the middle. This is just an example of bull channel.
Nifty is trading in a range for sometime. no good news in market to move nifty higher.
series of bad news are only coming. recent one day upmove after the sharp sell off was just a
short covering i believe. but be ready for reversals as whenever retailers turns completely biased
in one directon market does the opposite to trap traders.