Bank Nifty seems to have broken out of the 600pt range and is now trading higher but within a smaller range of 250 odd points. If if retraces below 19000-19100 spot, then can it be a failed break-out ? If the highs of 19000-19100 spot offer support, then, it'll be a good retest of the break-out as well. Right now, am as clueless as anyone else :)
Price has tested higher end of the range multiple times. Will it head lower or the levels of 8550-8570 provide support ?
UPL is retesting the previous swing highs on weekly TF, after it broke the highs couple of weeks ago. The weekly charts are bullish.
Price is trending down on daily TF. If 1400-1410 holds and price reverses from there, a long opportunity may emerge. For now, no action.