Nifty playing hide and seek today:)).Moving up towards resistance of range made yesterday, giving hope of a breakout and reversing down.Tested the low of the range enticing a breakdown ..last hour bar a green bar and the day ends with no conclusion of its mood.So , the resistance at 4780 line is still holding on , but no clue of a larger retracement as 4730 was also supported today.Longer it stays in the range, then upmove is expected.
Drawing a temp red PF to assess the swing,the momentum to fall was not there when it tested the UMLH.Instead it moved out of the UMLH .Tommorrow should be a decision day to move up or down and the ST trend will be more clear.
As of now, my ST bias is moving up north towards 4800-4850.
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