Nifty 50 Analysis for 12 Apr 2021

On Friday Nifty 50 gave a volatile session and closed below 38 Points. As we can see Nifty breaks its long term trend line and started moving downside. But short term trend line stops nifty at 12450. Nifty 50 is consolidating between these two trend lines. So wait for the breakout either upside or downside. If you are a risk taker then you can go for short position with minimum stop loss of 14890.