debdeeps

debdeeps

The whole month Nifty spend time in this marked range. Holding shorts in Nifty needs a lot of patience and discipline. :) Breaking and closing outside of this range can pay off well. For now Shorts looks more favorable than Longs. The initial analysis link:

debdeeps Updated 

Nifty daily chart as per ICT prospective: For swing trading prospective Nifty is in downtrend on daily chart and will face tough resistance in the zone of 19550 till 19900. Hence while Nifty is in 19550-19900 expect consolidation and bias towards down. The long term trend would turn positive ONLY above 19900. Till that time it is sell on rise.