Nifty and Sensex in congestion zone 6th April 2016
Both nifty and Sensex are in congestion zone as Bulls and Bears are fighting to take control
Any Daily closing of Nifty below 7525 will lead to resumption in downtrend.
A close above 7680 means the nifty is again looking Bullish.
For Sensex Bearish levels is a close below 24715 whereas a close above 25275 will land it in bullish territory.
Summary : Nifty 7525-7680 and for Sensex 24715-25725 is congestion zone. Lessen or completely avoid trading in this zone.
Both nifty and Sensex are in congestion zone as Bulls and Bears are fighting to take control
Any Daily closing of Nifty below 7525 will lead to resumption in downtrend.
A close above 7680 means the nifty is again looking Bullish.
For Sensex Bearish levels is a close below 24715 whereas a close above 25275 will land it in bullish territory.
Summary : Nifty 7525-7680 and for Sensex 24715-25725 is congestion zone. Lessen or completely avoid trading in this zone.
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