There are always two ways to do it , so that's what we will be seeing in Nifty today.
Way 1 : Nifty will reach up to 10750's -70's zone
Yes, those kinda wicks which shoots upside to trap the bulls and moves down later, here be patient and do a wait & watch approach.
Way 2 : Nifty resisted by trend lines at 10700's
The other way of doing it will be shorting around 10700's bcos of the earlier resistance which is faced by Nifty and everytime it moved to south.
If 10580's broken as said earlier much merrier downside moves ahead of us, as of now our question is whether this 10690's to 10580's happening or 10730's and downside gonna happen. Anyway, these are valid until 10750's are held strong as resistance.
Way 1 : Nifty will reach up to 10750's -70's zone
Yes, those kinda wicks which shoots upside to trap the bulls and moves down later, here be patient and do a wait & watch approach.
Way 2 : Nifty resisted by trend lines at 10700's
The other way of doing it will be shorting around 10700's bcos of the earlier resistance which is faced by Nifty and everytime it moved to south.
If 10580's broken as said earlier much merrier downside moves ahead of us, as of now our question is whether this 10690's to 10580's happening or 10730's and downside gonna happen. Anyway, these are valid until 10750's are held strong as resistance.
