Nifty - Doji on daily time frame

NSE:NIFTY   Nifty 50 Index
As from the last three days nifty hasn't given a trending move and was in a tight range.
On the other hand, it has made a doji candle on a daily time frame.
So for Monday, our view will be for both sides because it can give us a trending move either upside or downside.
So if nifty breaks the previous day's high (PDH) i.e 17875 level our view will be bullish and our target will be first 17900 and second 17970.
If it breaks the previous day's low (PDL) i.e 17800 level our view will be bearish and our targets will be 17780 and 17760 levels.

Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.