It's consolidation happening in the markets within a tight range. As many of you know, tight range will lead to expansion. It remains to be seen on which side. Nifty is trying to save important moving averages support at 17595. This is important for the markets. Let's see how it pans out, hence it is important to trade with an open mind. Lower high and lower low formation on short term charts is a red flag hence going long is a risk, hence needs to be calculated.
Nifty. Support is placed at 17575 and resistance at 17730.
BankNifty. Support is placed at 42100 and resistance at 42600.
Nifty. Support is placed at 17575 and resistance at 17730.
BankNifty. Support is placed at 42100 and resistance at 42600.
