#NIFTY - Technical Structure on Daily Charts

NSE:NIFTY   Nifty 50 Index
While NIFTY is racing to fill a Common Gap below 11785, it has left one Common Gap above today's High open, which coincidentally includes an Island Gap (marked in Green) as well.
As shown by the parallel channel , NIFTY is most likely headed to 11500-300 Support Zone with 11440 being an important point.
A break below the rising Blue Trendline can shift the larger structure of the Index.


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