INSUBCONTINENT EXCLUSIVE:
11,000-11,070 range to complete its last leg of Ending Diagonal pattern.
But such a move is unlikely to be a smooth one, said Gaurav
Ratnaparkhi, Senior Technical Analyst at Sharekhan.
The recent swing high of 10,985 is seen as key resistance while 10,850-10,800 would
offer ample support, said analysts.
For day, index fell 39 points, or 0.36 per cent, to 10,922.75.
Nifty has been struggling to surpass
10,985 level for last nine weeks
lower shadow is signaling a sideways rangebound movement and suggests that Monday's upside breakout of small range lacked strength
The short-term trend of Nifty is rangebound
of Chartviewindia.in advised traders to avoid long positions, unless Nifty50 registers a decisive breakout, riding on favourable
