Indian Indices broke the key supports of 5400 and 10750 levels on Friday and that was the first breach of the support lines.
Today opening so far has been good indicating that the range trend is still valid and we can see more whipsaw unless the close in below 5400 again.
This is one of the most difficult phase for trend traders.
If the close today is below 5400 and 10700 levels then there can be downside momentum buildup here.
Lets wait and watch.
Today opening so far has been good indicating that the range trend is still valid and we can see more whipsaw unless the close in below 5400 again.
This is one of the most difficult phase for trend traders.
If the close today is below 5400 and 10700 levels then there can be downside momentum buildup here.
Lets wait and watch.
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