NIFTY broke multiple trend lines today and also retested them.
Most likely to fall up to 11320-11300 levels. If weakens further may fall up to the trend line from which it gave the falling wedge breakout. This will also retest the trend line.
RSI is also weak so look for shorting opportunities for few sessions .Weakness may continue up to Wednesday and we may see short covering and profit booking on Wednesday and expiry day. Rest depends on bank nifty
Most likely to fall up to 11320-11300 levels. If weakens further may fall up to the trend line from which it gave the falling wedge breakout. This will also retest the trend line.
RSI is also weak so look for shorting opportunities for few sessions .Weakness may continue up to Wednesday and we may see short covering and profit booking on Wednesday and expiry day. Rest depends on bank nifty