Nifty Weekly View

Mar 31

Nifty is Forming either H&S or M pattern. If Nifty breaks & sustains 23870 and H&S pattern is confirmed then target will be 25750.
If Nifty breaks and Sustains below 23400 then M pattern is confirmed and in that case nifty may test 22800 level.
On chart please read H&S target as 25750.

Apr 4

Trade active

As Nifty is like to Gap Down on Monday, i am adding new levels
Market is expected to go further down to retrace to 22700/22625. 0.382 retracement is very Important level. If Broken or Sustained below 22625 Nifty likely to test previous lows and may go down further to fill the gap between 1 dec 2023 (HI 20291) % 4 dec.2023 (Low 20508) .

Apr 7

Note

Please also see my analysis Titles Patterns repeat themselves published on 2 apr.