Hello Traders, Hope all are ok with your family.
Here my view on nifty is the bullish reason behind its simple falling edge pattern. It tried 3 times for upper breakout but failed so buyers are forcing to break levels. So, For the Friday market there are maybe 70-80 points gap up or gap down possible and it will react as different colors mark I shown on the chart. Blue indicates gap up opening and will follow mostly as a marker and Pink indicates gap down opening and will follow mostly as marker.
Here my view on nifty is the bullish reason behind its simple falling edge pattern. It tried 3 times for upper breakout but failed so buyers are forcing to break levels. So, For the Friday market there are maybe 70-80 points gap up or gap down possible and it will react as different colors mark I shown on the chart. Blue indicates gap up opening and will follow mostly as a marker and Pink indicates gap down opening and will follow mostly as marker.