NIFTY might remain in this channel for a while now

As we can see despite a strong upmove we did see a rejection in second half exactly from the trendline and psychological level which lead to the fall over 100 points. Now we can expect NIFTY to remain sideways and this range in coming trading sessions and also again getting rejected at the trendline and hence each rejection around the trendline would be a great opportunity so short so plan your trades accordingly