NIFTY In a BULLISH Trend, Price Near 12 000 Round Number Level
It is obvious that NIFTY 50 is in a bullish strong trend, difficult to go down. No place to short!
I will personally DO NOTHING until I observe what's going to happen at the 12 000 level.
-If this level is broken up, the market will reach the precedent resistance (red inclined line), and continue the trend.
-If the market bumps into 12 000 and go down, it will form a kind of a trading range, and the 12 000 will be a resistance for the NIFTY 50.
Let's see what's going to happen at this level
I will personally DO NOTHING until I observe what's going to happen at the 12 000 level.
-If this level is broken up, the market will reach the precedent resistance (red inclined line), and continue the trend.
-If the market bumps into 12 000 and go down, it will form a kind of a trading range, and the 12 000 will be a resistance for the NIFTY 50.
Let's see what's going to happen at this level