Nifty Slightly bullish (Triangle pattern)
> PCR is 0.5 and the FII have again shorted in cash and index future.
> Except Europe, all the others are falling including US.
> Data backing the market is negative like the options data, FII and global market.
But Price action is in a triangle pattern. yesterday market took support on the pattern and its up.(just take two seconds out to see our yesterdays analysis post. if you follow that then you can understand price action like a stroy).
> This is a mixed signal we cannot act in the open. wait till the market reaches support to buy and resistance to sell. support and resistance is marked in the chart
> Except Europe, all the others are falling including US.
> Data backing the market is negative like the options data, FII and global market.
But Price action is in a triangle pattern. yesterday market took support on the pattern and its up.(just take two seconds out to see our yesterdays analysis post. if you follow that then you can understand price action like a stroy).
> This is a mixed signal we cannot act in the open. wait till the market reaches support to buy and resistance to sell. support and resistance is marked in the chart
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