Positional: So the downward Bias ended, but to me, this doesn't mean an Upward trend has started. To me, it seems the market has entered in a Range as marked an i am in shorts.
1) Breakout of Range high has failed.
2) Nifty couldn't give my desired close outside my favorite BB
3) Tho MBB is supporting, Weekly trend is counter.
so overall, below 8480 NS One should be in shorts or can add Short position on a bounce up coming on Monday/Tuesday & should Tgt near 8100 odd levels.. Change to Up only a close above 8480.
1) Breakout of Range high has failed.
2) Nifty couldn't give my desired close outside my favorite BB
3) Tho MBB is supporting, Weekly trend is counter.
so overall, below 8480 NS One should be in shorts or can add Short position on a bounce up coming on Monday/Tuesday & should Tgt near 8100 odd levels.. Change to Up only a close above 8480.
Good one.....,.ashokk
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