The 200MA and 500MA are effective in the current market, so look for 500MA to provide resistance or retracement.
HOPE that scenario will lead to some help for the NIFTY 50 market tomorrow.
The market appears to be consolidating while an ascending flag is visible on the other side. Waiting for the market to open and initiating the entry by waiting for the retracement is the way to obtain a breakdown or breakout and define your entry.
The direction of the market could be seen in the numbers displayed as the market ends between those two MA and two black lines and those three number are so perfect to gives us a perfect movement, which might give us a breakdown for tomorrow by seeing the direction of market. As said, keep those lines for support or resistance with retracement.
The 'BULL' flag can be seen, and it can either indicate a breakout for 'BULL' or turn into a 'BEARISH' flag with resistance. If it drops, wait for 200MA to support or resist and maintain the lines that indicate the duration of the hold.
