THIS WAS JUST A PULLBACK ## NIFTY IF BREAKS THE SUPPORTING TREND LINE THEN THERE ARE MORE CHANCES OF A CORRECTION IN THE MARKET.
IF BREAKS THE RESISTANCE LINE THEN CAN EXPECT A GOOD UP MOVE AS WE WERE IN A GOOD SPAN OF CONSOLIDATION .
BASED ON THE TREND LINE MADE EXPECTING A SMALL CORRECTION IN NIFTY
NIFTY SAW PROFIT BOOKING ON 15000 LEVEL. THE SAME IS EXPECTED TO CONTINUE IF THE TREND LINE BREAKS BY 08TH FEB.
BN has been consolidating in this range for quite some time now!!
Expecting a good breakout either ways.
would go long or short if BN gives closing above or below the pink lines.