Nifty is trading in a sideways trend since start of August. There have been some intraday opportunities, but there is no clear direction so far. It is not worth risking one's capital going for small intraday profits until it breaks the sideways volatile zone.
Long Opportunity will arise once it breaks the sell zone (as market in the chart) to the upside target of 11360.
Short Opportunity will arise once it breaks the channel bottom resistance to the downside first target of 10835 and then 10600 as a second target.
I am anticipating for a long opportunity in this month and a big short opportunity in next month. Anyway as a trader one must not try to predict or be biased to any direction. A good trader must learn to react to the action happening in the market.
Long Opportunity will arise once it breaks the sell zone (as market in the chart) to the upside target of 11360.
Short Opportunity will arise once it breaks the channel bottom resistance to the downside first target of 10835 and then 10600 as a second target.
I am anticipating for a long opportunity in this month and a big short opportunity in next month. Anyway as a trader one must not try to predict or be biased to any direction. A good trader must learn to react to the action happening in the market.