The scenario turns from neutral-negative to neutral-positive both on the indicatorsaswellas price - Tradebull Securities
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Nifty
‘Doji’ at 17000 support is a sign of hope for the bulls to regain control. A close above thepatternhighof17240 could help the trend to reverse & rebound back towards its immediate weekly resistancezoneof17600. Since its trend strength indicators are not positive & diverging its better to await for aconfirmatory close for redeploying long only strategies. On the other hand slippages below17000mayopen the trajectory towards 16840 (200 DEMA support zone). Hence it’s ideal to maintainalongshortstrategy until the scenario turns from neutral-negative to neutral-positive both on the indicatorsaswellas price.
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