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...
Once Nifty closes above 17222 on daily basis, we can expect the trend change.
White lines are the pivot zone.
Upside targets are the green lines and downside targets are the red lines.
nifty 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...
What a trending day.
Captured 18350 PE from 105 to 260 and 18200 PE from 27 to 120.
White lines are the Pivot Zone.
Upside target the green lines.
Downside target the red Lines.
Nifty levels for tomorrow 19th December.
White lines are the Pivot Zone
Upside targets are the green Lines
downside targets are the red lines (which are also the support levels on the Daily TF).
