nifty levels for 3rd April '23
Nifty on Daily TF is moving in a parallel channel and the resiatnce is now at around 17571, which is also a gap filling area and the upper channel of the parallel channel.
On 4hrs TF it has created a double bottom pattern the target of which comes at around 17500-17550.
On 15 mins TF there is rising trendline, the breakdown of which can lead to gap filling on the downside also the retest of the the double bottom pattern.
For intraday white lines are the Pivot zone.
Upside targets are the green lines and downside targets are the red lines.
On 4hrs TF it has created a double bottom pattern the target of which comes at around 17500-17550.
On 15 mins TF there is rising trendline, the breakdown of which can lead to gap filling on the downside also the retest of the the double bottom pattern.
For intraday white lines are the Pivot zone.
Upside targets are the green lines and downside targets are the red lines.
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