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Where is U-trun for NIFTY?

Posted: 17 Oct 2019 09:19 PM PDT

Nifty walk as per our projected chart steps:

first update

second update

third update

Expecting tail our of channel area (out of Value High). The range of this area is between 11635-11700 for U-turn.

Therefore, a trader who is buying need to be careful.

If tail is found at the top of the value high, we will create a short position otherwise not. As per this statement, the message for short seller is keep patience and trade with stoploss.

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