Nifty,neutral stance
At this juncture.it's better to react than to predict..the consolidation looks somewhat like a penant,but this preceded by a double top warrants caution.. a breakout on either side can give us 70 points then either we reach the support at 10k where a cup and handle kind of consolidation pattern might be made..
on the other hand a breakout straight-away cannot be ruled out with heavy-weights such as hdfc,axis,ril and lnt moving the market..
on the other hand a breakout straight-away cannot be ruled out with heavy-weights such as hdfc,axis,ril and lnt moving the market..
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