NIFTY50 on 15 mins chart

٢٣ مارس ٢٠٢١

Same like BNF, Nifty50 has been trading near 200 MA. It has also formed Falling wedge pattern which is a bearish continuation pattern based on price action. Trading near 200 ma can be tricky and looking at the wedge formation we can see the price has been moving in tight range which is kinda getting squeezed out. Look for short opportunity when NIFTY50 sustains below 200 ma because of falling wedge is confirmed we can see a NIFTY50 trading in range same as Banknifty.