A brief overview of the Indian stock markets as on July,20 and understanding where the Nifty 50 index stands by way of technical analysis. Nifty 50 has broken its resistance of 10900 on the opening and closing basis . So even if we see a bearish move tomorrow still this decisive move of today will remain more eminent. We are seeing yet another pivot in the formation of higher highs and higher lows.
Tata Steel is on the verge of a critical breakout level , and a decisive move ahead will confirm a a breakout and higher targets can be achieved from the perspective of a swing trade or positional trade .The price action point of view is discussed in this episode.
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