The first thing I want to draw your attention to is how well NIFTY is following the highlighted channel on this grid. Yes, I've had to re-align the grid since last time and change the Factor as well. But that's what trading is all about - you look for the best way to exploit the tools at hand.As for now, NIFTY is probably on its way to scaling 2972. On clearing that, it could well reach 3052 which happens to the 180 degree line. But first, there is a small risk of downside that NIFTY may have to contend with on Tuesday.
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