Nifty Futures Intraday Chart

The price shows a downtrend with a series of 6 red HA candles. But the body of the 6th candle fits in the previous one. Which indicates a cool off or a consolidation.

Consolidation range : 19500 to 19560
All major moving averages are negative (-ve)
The breakout of 19560 extends the upper range to 19600//19625
The breakdown of 19500 extends the downside range to 19410

Thanks
Er. Simranjit Singh Virdi

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.