Consolidation in nifty
Nifty is trading inside a an ascending channel it formed a new high on 1/01/24 and then it consolidated for around 11 day's. My view in nifty will not turn bearish until the lower level of the channel is broken and i will remain neutral until the nifty is trading between the high of 08/01/24 candle and horizontal level at 21500 level. If nifty breaks the high of the 8th jan candle there will be an intraday bullish opportunity to trade till ATH, once the ATH is broken would be aggressively bullish.
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