Nifty has entered a narrow trading range with 10412 on the upper band and 10312 on the downside.This is as per hourly chart.However as per daily chart the range is little more wider it is 10550 on the upside and 9820 on the downside.
As a result of this range bound move breakouts trade as well as moving average cross over trades are extremely suicidal.
So if you are a trend trader avoid trading in this choppy market.On the other hand if your strategy is fit for rangebound moves go for it.
As a result of this range bound move breakouts trade as well as moving average cross over trades are extremely suicidal.
So if you are a trend trader avoid trading in this choppy market.On the other hand if your strategy is fit for rangebound moves go for it.
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