Nifty continues its consolidation,Trending move on cards?

• FIIs sold 17471 contracts of Index Future worth 534 (1595 Long contracts were squared off and 15876 short contract  were added ) with net Open Interest increasing by 14281 contracts, so FII's squared off  longs and shorts were added today with nifty trading in small range.
  

Nifty was able to protect its 6050  for third day running but nifty is resisting at the upper end of rising trendline. Nifty after forming multiple hammer pattern,

Continue Reading