NIFTY
NIFTY has closed just beloe resistance area (just like bnf & fin nifty), if opens flat/ minor gap down, then nifty should retest fresh support and try to reach target of 17225 range zone if manages to close 15 min candle above 17155 and sustaince above it, 17207/17240 area can act as next resistance to hold nifty ftom going more upside.
if nifty opens gapdown and breaks support then we can expectto achieve all of the downside targets 1 by 1 as market is in bearish mode on majot timeframes, below 16850 we can expect 16750 range targets easily.
Comment:
nifty has achieved the 2nd target zone after drippoing below fresh support, can drop further till 16750 range if breaks 17850 and stays below it
Comment:
nifty hits the upside target and crashes instantly