- Nifty closed above a falling TL, indicative of a BO. But is this BO for real.
- Well we need more confirmation whether the down move is complete, or we are rising to fall again.
- For this up move to continue, we must take out the 5600-5685 band.
- We are already at a crucial resistance of 5566, if we take it out, then the resistance zone mentioned takes effect.
- The skies are clear once we take out these two levels, though.
- So keep your risks measured till the time all these resistances are taken out, till such time there is a real risk of sellers returning.
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