NSE_EOD:NIFTY Index of the 50 listed India companies
As we are approaching the upper line of down trend channel of nifty we need to be ready for big move from those levels,
1) Price can take resistance and reverse
2) Price can trade along the line and move side ways
3) price can move out of channel with force
If we want to trade 1st and third possibility then wait for followup on next day.
Never try to judge top or bottom just be ready to trade if price allows to do so :-)
Trend is our friend
We are out of down trend channel and few points away from traget, expect market tohalt at supply zone which is just above the price. Be ready for big move at those levels . For last 40 +- trading days price is not correcting in price its correcting in time only. Lets see what it will do this time.