i) The highest possible scenario being Gap up around or just above channel then coming down in range
ii) if it all it breaks the channel & participants interested in ending Nifty above 9500's we will be closing around 9560's
I'm on run now, have few tasks scheduled on priority, so please adjust with short description :)
2nd Scenario worked here as mentioned above, the route map probably facing resistance around 9580's then closing downside. Probably, if its reserved for an expiry move, wait for confirmations before shorting bcos it can shoot through all the way in name of Expiry !