Nifty, as it gave a long target towards quarterly resistance levels, retraced back at quarterly support levels quite sharply and ferociously nearly in just last 2 trading sessions.
As of now nifty happens to be range bound between 2 quarterly zones. For further bearish confirmation we need to get a bearish breakout of support and follow up also.
Till then, let's assume nifty is still sideway between 2 zones as shown in the chart drawing.
Prediction is not the way... confirmation is rather....
As of now nifty happens to be range bound between 2 quarterly zones. For further bearish confirmation we need to get a bearish breakout of support and follow up also.
Till then, let's assume nifty is still sideway between 2 zones as shown in the chart drawing.
Prediction is not the way... confirmation is rather....
