NIFTY remains range-bound, displaying a neutral bias. The anticipated reversal signals haven’t materialized, neither in terms of price action nor timeframe. Consequently, no immediate action is necessary.”
The index was confined to a 350-point range established during the last hour of trading on the previous Thursday. This consolidation was likely to persist until a decisive break above or below this range.”
Despite this short-term indecision, I maintain a bearish outlook for NIFTY. Even a higher high above 24,857 won’t alter this underlying bearish sentiment. This range is expected to break within the next three trading sessions.”
gann,insides 