Nifty got a rejection at top and came back to our rectangle.
In next few days Nifty might test our trend line before showing any signs further.
If it breaches the trend line with volume then it will continue downwards.
As informed in yesterday's post 11100 is the support Nifty closed at.
Nifty will have another support at 10900.
Let's see how Nifty behaves at the trend line.
Play safe and Happy trade :)
Note: Views only for educational purpose. Consult your financial advisor before any trade.
In next few days Nifty might test our trend line before showing any signs further.
If it breaches the trend line with volume then it will continue downwards.
As informed in yesterday's post 11100 is the support Nifty closed at.
Nifty will have another support at 10900.
Let's see how Nifty behaves at the trend line.
Play safe and Happy trade :)
Note: Views only for educational purpose. Consult your financial advisor before any trade.