Nifty was volatile in a range this expiry day. After making a W pattern and giving a gap up opening, now, it is showing a flag pattern (sideways base) in the making... any price action breaking the range (up or down) will determine trend continuation upwards or a rangebound volatile market for coming days.
If breaks out or opens gap up and not filling the gap for atleast 15 mins then upside open till retest of the Head and shoulder Trendline or the length of the flag's pole.
and if breaks down, it may fill the gap created earlier...
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.