NIFTY HOUR CHART
NIFTY TRIANGLE
- NIFTY'S First attempt at reversal has failed.
- It came down from a triangle yesterday.
- Now if it breaks last week's low point it will be another shorting opportunity.
- Nifty may also try another reversal attempt from here. Any price action above 4910 will confirm it. And the second time it may come out of the channel and stay there.
- Since we are close to the expiry a sideways move can also be expected. Trade with caution.
thank you
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