Nifty consolidating in a range, expected big move in either side
Tomorrow PM address may provide some direction.
If there is some announcement of resumption of partial economic activity, an upside move can be expected.
If, it is not announced, we'll probably follow the dow or other global markets.
9 EMA on 21 RSI remains positive on daily as well as two hour charts.
9050 is important for long side trades and 8910 is for downside trades.
The channel and trend lines marked within will provide enough cues about the future direction of nifty.
If there is some announcement of resumption of partial economic activity, an upside move can be expected.
If, it is not announced, we'll probably follow the dow or other global markets.
9 EMA on 21 RSI remains positive on daily as well as two hour charts.
9050 is important for long side trades and 8910 is for downside trades.
The channel and trend lines marked within will provide enough cues about the future direction of nifty.
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