Today is day 1 of the #Nifty short term Downtrend.📉 Trigger/Stop 23650. Last 11 day uptrend is over now.
Nifty is in downtrend. Today can be day 3 of the downtrend. Stop 16520. Fresh sell signal in BankNifty is there near 35100. Target 33500. Stop 35150. Lets see if the congestion ends today or not. Its good time for trend following option buyers.
Sensex Chart: At Gann Grid Resistance Resistance 58700, 62740. Support 54640, 50590. GANN
Nifty is in downtrend. It can turn up above 17300. Situation is favoring the options buyer respecting the trend.
The sideways trend on hourly chart seems to near end. I am expecting decisive trending move in Bank Nifty. Watching 35400.
Bulls' Obsession For The Red Line Can Take #Nifty Towards 16800 Before September.
Nifty Upmoves Post Establishing Higher Lows. / /\ / \/
Pleas see the last few breakout bars in ITC. Red heart= Breakout