#Nifty 2nd August 2022 || Falcon Trader Analysis for #Nifty50

It looks like we have reached a zone for now that has strong resistance area. Breaking above this seems very unlikely in next few days. I can be wrong because market does what market does.

I will be ready to short if I get red candle closing below previous green candle low. That is simple trigger line concept that always works for me.

This seems to be wave 2 on monthly chart - I am analysing all this with DJI and SP500

More on this later.

Enjoy trading, don't trade against the trend because market is always right.