the range of 5700 & 5600.

As expected 5750 area had worked as stiff resistance of upper band trend-line. Nifty has gained 10% from its current low. Market is likely to take a pause for consolidation in this type of situation… the range of 5700 & 5600. Good thing is Nifty has been capped in a triangle (watch chart)…It is bound to break this range by July expiry in any direction. I am betting for breakout rather than breakdown. Until this range breaks positional trade is not advisable.

This entry was posted in Market and tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

    Live NIFTY