Nifty breakdown consolidation 25700-25500 and trading lower . Its time to stay alert. Avoid fresh long positions unless we some sort of strength in lower levels. Geo-political news dominating the market that leading to selloff in market. stay alert. regards, suryadev bandari research analyst.
Nifty cmp 25575. Trading below our previous support level 25700. Now its in consolidation phase, as soon as it breakout this consolidation and move above 25700 , then up move begins towards new highs. Till then consolidation process continues in 25500-700 range. Keep strict stoploss to long positions. Long term investors keep eye on 25100-25000 zone. as long as this zone holds, major trend remains up and Buy on dip mode On. regards, suryadev bandari research analyst