Exactly as PLANNED and ANALYSED!

127
We had been on the negative side despite of multiple green candle formation and told to sell every rise and our patience did paid off. Now we can see it has closed around the breakout zone and testing the previously acting resistance but following the global cues, we can expected another weak opening inside the structure hence any opening inside the structure could lead to bearish continuation with trendline acting as a resistance. A recover is likely to occur and a bullish position can only be made if NIFTY closes itself above the structure so plan your trades accordingly.

Penafian

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