So Far Nifty is not able to cross the resistance line.
Few Consecutive dull days are shown in the chart. U can imagine the future trend in Nifty now.
Bank Nifty has above average volume for last two trading sessions. See the Red Arrows in the chart & imagine the possibilities. Happy Trading.
Will Nifty find bottom near 11200 or not? Lets see.
Gann level to watch are 12150, 11840, 11500, 11170, 10850.
BPCL Is in downtrend. There is trading opportunity in BPCL.
Nifty has large range bar this week. You can imagine the future price action.
Our job is to trade not investigate the reason behind the rise in usd inr before election.
The trendline support of 11400 is important level for Nifty bulls. Breaking this line will change the sentiment.