- The 8 day range 5440-5600 still not given any breakout.This type of consolidation suggests a big move which can be 10-15% wide.
- Be ready with cash
- The rally which started a year ago from 4786 level is in test of downside.
- 4786 to 5550 is one level.After a break above 5550 we saw a good rally on Nifty till 6338.But now Nifty hovering around 5550 level from few months.
- Below 5440,a range breakdown gives a target of 5290 level where 100 week average placed.
- Overall traders are going to get some wild moves and Investors too get very good opportunity's in coming days.
- In between Nifty at trend line support.Watch out.
- Be disciplined and careful whatever you are doing.
Cheers & Best to your trading.
