Nifty Struck Inside Channel
With current trading range Nifty trading inside the Channel.
Scenario 1: Currently is trading below channel middle. On breaking Friday high, price can move towards channel high around 10300-10350 Zone, from there price may fall towards channel bottom.
Scenario 2: In case channel middle is acting as resistance then can fall towards channel bottom and further breaking bottom can lead price towards 10600
Nifty Daily as sowing Below.
Trade with a plan. Respect your Risk. Money saved is money earned.
Scenario 1: Currently is trading below channel middle. On breaking Friday high, price can move towards channel high around 10300-10350 Zone, from there price may fall towards channel bottom.
Scenario 2: In case channel middle is acting as resistance then can fall towards channel bottom and further breaking bottom can lead price towards 10600
Nifty Daily as sowing Below.
Trade with a plan. Respect your Risk. Money saved is money earned.
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