Hi Guys... its been a while right ? yeah..long weekends n other commitments to fulfill with Nifty ranging in flag, there is nothing interesting for the last two trading days. Not anymore... Probably Nifty will decide its path in a day or two, Doji's indicate 2 things - Indecision & A Decision soon. So its time for Nifty to decide the direction, we have Bearish Butterfly n flag ranging. If Bearish Butterfly wins, flag breaks-down to south which is considered as failure of Bullish Flags. If Flag breaks out upside, Butterfly is unfortunate.
Decide based on your trading plan which side you are gonna take n when...Never trade in speculation or Hurry, Follow proper plan...
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Looks like direction is set, a Daily close above 8880's will trigger the Bull Run & create havoc for Bear's !