IDX:NIFTY 50 - chart - 358546
No trading zone for nifty is 11050 - 11090 on spot level. In 2 hourly frame (the trendline remains same in daily chart also) it always respects the trend line. So breaking in either side may give huge movement. In up side, it may even test 11224. Also the high of daily candle just touch 252 EMA (Nifty respects 252EMA on daily charts, check it on PC)
Option chain data also suggest an upmove in next week.
We may go long if spot crossed 11090 with a SL 11050 on spot levels.
Same chart pattern formed in BANKNIFTY also.