Markets continue trading in a range with no clear bias. Trading range is 5970-6220 going by recent swing highs and lows.
Intraday charts showed weakness initially as markets failed to sustain above 6070F. I took this as a short signal but there was no subsequent follow thru selling. Covered at cost.
BANKNIFTY trend is down and is trading in a triangle... expect a breakout soon. My bias is towards downside but I may be wrong.
BANKNIFTY trend is down and is trading in a triangle... expect a breakout soon. My bias is towards downside but I may be wrong.
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