As per my understanding if Nifty breaks 8220 range and sustain above 8220 it is bullish. Otherwise there is it going down to 7930 range in next two weeks.
Note: This is only for my reference.
Comments
Sreekanta
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Today Nifty did not cross 8220 as mentioned earlier, high made today 8212.
Sreekanta
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Though Nifty opened above the top channel line, failed to close above the channel. So chances of short is high for tomorrow.
One should go long only if Nifty closes above the top channel line.