IIT-Trader

NIFTY--Consolidation or Bearish??

IIT-Trader Updated   
NSE:NIFTY   Nifty 50 Index
look for bearish from 22050 and trendline...
Keep in long side as long as price is above the 21950 levels...
if you want to go short wait for the price to facing the resistance from 21875 key zone
If price takes the support at trendline or 21950 go bullish by keeping the SL at Key zone.
we have a chance of consolidation between the zones 22050 and 21950 and manipulation to ATH, and then Distribution to downside.
Keep safe here...price is now at turning point...
Have a look at the Bullish Continuation and Bearish view for complete analysis.
Comment:
Again at channel bottom level...

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