padiyara

NIFTY Resistance: 8275 _8304 & support 8260_8198 & 8120

Short
NSE:NIFTY   Nifty 50 Index
1
NIFTY: 8262. Resistance: 8275 _8304, also at Gann arc resistance now. Support: 8260_8198 & 8120 daily pivot & weekly pivots . On breaking below 8120 level nifty can come down to sub 8000 level.
The bearish outlook remains same as long as nifty is trading below the Gann 2 x1 angle the blue line, and supported strongly several times at 4x1 the green line, only thing is that the current leg is extending further to foam a different pattern than what I was expecting, could be an ABCD triangle or any other corrective pattern. The supply zone is also around 8300, so from there also Nifty can turn. I have a pitch fork channel break in 5 min. I don’t know how I can post it with this. Please check it is chat room.
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