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Nifty 50 Index

Nifty Expiry 23200 Incoming ? for Jan 9th Thursday

By rakeshreddym
Updated
NIfty forming an inverse cup and handle pattern, if pattern valid then the target for expiry nifty looking at around 23200 or even lower to 23k below.

23460,23360,23250,23200 and 23k below targets if sustain below 23500 area for thursday expiry.
Note
Testing support of 23500 area
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Nothing changed still same price action today also and nifty is weak may be friday if breaks down lets see.
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23460 Achieved
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23350 second target achieved
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Took support at marked level of 23350a area
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Trade active
Retesting the sellers zone from where it started the day, short entry made here
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Trade closed: target reached
Target Achieved
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Supply and DemandSupport and ResistanceTrend Analysis
rakeshreddym
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