Nifty is forming descending triangle pattern, so we will wait till nifty gives breakout from this pattern for going long and will wait for breakdown below 16850 to go short as there is four bottoms .More probability is of breakout.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.