NIFTY important support resistance areas

Apr 1, 2023

NIFTY nifty is approaching the crucial trendline on daily time frame from which we have seen multiple huge corrective falls everytime nifty touched/entered the trendline zone,

there are two major resistancce zoneswhich are collinding with trendline which can possibly start the next corrective fall again if respected, 1st resistance zone is between 17530/17565 and the next and last one which is more crucial to decide corrective fall or breakout upside is bewteen 17622/17620,

current/ next minor resistance for nifty is between 17412/17450, if nifty opens inside/above this zone, then we can expect nifty hit the trendline's first resistance zone.

if nifty breaks and sustains abobe 17620 , then we can expect a move till 17780/17810.

if the resistance zone are respected then we can expect a corrective fall till 16800/16400 first.

Apr 3, 2023

Note

#nifty opened between mentioned reistance zone of 17412/17450 and dropped till 17300 level and bounced back, be careful while trading near the crucial trendline of daily time frame.

Apr 5, 2023

Note

nifty reaches 17530/17565 resistance zone, if breaks, next target can be 17600+

Apr 6, 2023

Note

nifty touched the important 17600 range resistance today, 17500 range can act as fresh support