NIFTY--Drop Base Drop or Bullish??

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Nifty index is still in consolidation zone...
We have a chance of drop base drop.Keep in long side as long as price is in channel.
even though it is drop base drop we have to wait for clear short side confirmation,wait until the price breaks the trendline and retest for shortside..
we have a lot of liquidity lies below,we can enter long again on bottom side if we find any possibilities.It may continue to moving down chances are more.
so keep safe manipulation moves may appear,this is the place for manipulation.
we have a clear demand zone lies at 21960 levels.
If demand zone failed to push the price upside, then will think of complete short side, below 21600 levels.

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opening is given at resistance zone, wait before short side..

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until price breaks 160-180 level no short view...
both sides manipulation is going to happen.

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clearly trading in a channel

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this is the place they again trap us keep safe

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We have inverse head and shoulder pattern if no bearishness

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Again price has to consolidate between 22200-22160 levels to upsids

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price is now in demand zone, wait for the bullish turn...

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wait for the price to reach again top and retracement to enter long continuation...otherwise falls back to 21600 levels.

IIT-Trader

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