Mentorship InstaView 26 Aug’21: Rare Boring Expiry


Nifty View: Hi good evening traders … we are on the evening of 26th of August 2021, fairly muted session for the nifty specially keeping in mind that we had the expiry of derivatives contracts today, up by just six points on the daily timeframe. We now have consecutive to spinning tops and on a day on day basis you can see lower high and lower lows, this is not exactly a bearish sign but this is a sign that we should take it with a little caution. There is a price momentum divergence on the daily time frame and also the range of the market is shrinking, these are definite signs of consolidation and the important question is whether it will correct or consolidate. I have shared my detailed view in the video. I hope you will find it useful enough.


Thank you for following my work and please feel free to share your thoughts and suggestions.      
 
Trade Well. Trade Wise.