Nifty forming descending triangle- below Island- Sell bias

8 May 2020

Nifty forming Island pattern between 9700-9800 levels and leaving gap between trading range earlier and after. This pattern considered as bearish. 8/10 times market repeals from it. Other thing is nifty is in trading in descending triangle zone. Its breakout expect downwards between 7-8 days.

12 May 2020

İşlem kapandı: hedefe ulaştı

Target of 9100 at support achieved. After that market jumpedup little. Again short opportunity will come above 9300