Manickamtraders

#Nifty directions and levels for JAN29th

NSE:NIFTY   Nifty 50 Index
#Nifty
Nifty has an expanding diagonal structure. If the market opens with a gap-up, then we can expect a minimum range of 21514 to 21546. After reaching this level, if the market consolidates or breaks through it, the pullback will likely continue, reaching 21619 to SZ. However, if it doesn't break the immediate resistance (21514 to 21546), then it might turn into a range market. Alternatively, if the market opens with a gap-down or if the initial market rejects sharply, we can expect initial range continuation. However, if the rejection shows aggression, it will reach the demand zone of 21108

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