nifty levels for 3rd April '23Nifty 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.
Niftypriceprediction
nifty levels for 28th marchnifty traded in a range and gave a breakdown of a daravas box formed on hrly tf at closing. Also a symmetrical traingle is formed in hrly tf. currently the market is in trap zone. 29th is monthly expiry, market is expected to remain in high volatility. on breakdown of 16800, nifty is likely to test 16400.
White lines are the Pivot Zone.
Upside targets are the green lines.
downside targets are the red lines.