Nifty is currently taking support at the neutral zone and it will continue to flag bullish signals if it does not breach the low of 16822.
Till then neutral zone will act as support zone and will keep holding nifty.
Once breached the Nifty will enter the bearish territory and the neutral zone will convert into resistance zone and sell on rise will start coming into picture.
Keep it simple and just follow the chart.
Stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Till then neutral zone will act as support zone and will keep holding nifty.
Once breached the Nifty will enter the bearish territory and the neutral zone will convert into resistance zone and sell on rise will start coming into picture.
Keep it simple and just follow the chart.
Stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
