Day Trad­ing Guide

The Economic Times - - Smart -

Change of po­lar­ity pro­vided a sharp pull­back in this week’s trade with Nifty cross­ing the mid­point of Gann Chan­nel, which was act­ing as a strong re­sis­tance. In the process, it also man­aged to clear the hur­dle of down­ward slop­ing trend­line on the daily chart and made an at­tempt to­wards its 200-DMA. How­ever, af­ter a sharp up­move, we ex­pect in­dex to en­ter into a zone of con­sol­i­da­tion.

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