Nifty Index bulls are going up through the elevator. Many traders missed this rally. And are now looking to sell.
But here’s the advice.
No price is too low for bears and too high for bulls. So, wait for the market to give a signal for weakness in the trend.
Now, today’s price action suggests an early sign of weakness in the trend. That bulls should count.
For further up move, bulls need to close above the 11925-35 resistance range.
On the downside, 11815-800 is the support area. Below, its market can hit 11760/680/530 levels.
Assumptions or guesswork never helps. So first, wait for the price to hold below the support range. And then take sell.
I’ve done the groundwork. Now you have to see how you can take advantage.-Divesh
Note: The above-mentioned Price projection & other Information is for educational purpose only.