Nifty has been kind of trading sloping boxes, I am sure darvas would be proud of these boxes as well
Right now the resistance line is at 5425 to 5500 depending on which line to pick, which is also a bit of confusion right now. Also as the line is downward sloping, next week the line would be even lower. the slope is 18 points. Now the simplest way to put my analysis is that these are the res zones, if we manage to get above them then the next box will have a high around 6100 levels & something we should be expecting according to this chart of mine. supports can be expected at the lower line which is around 5000 right now. I have tried attaching the metastock file so that anyone using metastock can use this chart & do something else to figure out another insight.
The chart is updated till 13th aug wheni prepared it, but was not able to put in on the site.
Any comments or criticism is welcome, i am sure i dont own this thread