Nifty has shown a V-shaped recovery in last session.
However, 15800 is still not taken out by the bulls.
Resistance seems strong @ 15800
Tomorrow if Nifty breaks the inclined trend line and then after consolidation breaks the support, it will give you a good trade downside.
& if Nifty in any case shows stronger move after consolidation upwards with any 15 min candle with good volume, then, short covering rally possible.
Trade Cautiously ! Hedge your positions ! Stay Safe ! Save your Capital ! Grow your Capital !
Happy Trading !!!
However, 15800 is still not taken out by the bulls.
Resistance seems strong @ 15800
Tomorrow if Nifty breaks the inclined trend line and then after consolidation breaks the support, it will give you a good trade downside.
& if Nifty in any case shows stronger move after consolidation upwards with any 15 min candle with good volume, then, short covering rally possible.
Trade Cautiously ! Hedge your positions ! Stay Safe ! Save your Capital ! Grow your Capital !
Happy Trading !!!