Price is consolidating within a triangle. Fed meeting is over and RBI policy announcement is today. Trade after 10.45 am once the news impact is over if you are an experienced trader. Near by support is 18000. Bullish above 18040 with the stop 18000 for the targets 18080, 18120 and 18200. Bearish below 17980 with the stop loss of 18020 for the targets 17940, 17900 and 17860. Note : Traders can do well if they have the clarity about when to stay away from markets.
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Testing
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When price can respect trend line, we can also respect our trading rules.
Volatility started.
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No bullish strength after 10.45 am and market reversed.
