Market Update: Nifty Long or Short?


Today we saw a fall in the price of Nifty when the market opened it was a gap down in the price of Nifty so we can clearly see that Nifty was in a downtrend movement. So now if we look at the price chart of Nifty we are seeing a trend line that is acting as resistance it tried four times to break the resistance but it was unable to break it so for trading in Nifty on June 18 we can go for a buying position if Nifty break the trend line and that candle must of 15 minutes and the closing of the candle be above the trend line then only we can go for a buying position otherwise we have to wait for some other formation.

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