NIFTY50 FUT-16 Indicates downtrend with Island formation on top on weekly chart with Evening star, does this mean Bearish Reversal ?? for next two days consolidation and then correction might happen on Wednesday 21st..although all indicator on 1hr Chart indicates neutral but Mr Candle showing Bullish Harami and OBV(On Balance Volume) shows uptrend..
But Dow closed FUT flat so monday 19th will not have effect on the Nifty with consolidation one can expect short uptrend and fall within range before breakout happens..
continue to hold long position on Intraday basis if any breakdown indicates will go Short the position by squaring off the Long position.
continue to hold long position on Intraday basis if any breakdown indicates will go Short the position by squaring off the Long position.
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