Yellow channel represent performance of nifty of 2018 - GDP growth 6.1%.
if in 2021 India's GDP grows more than 6.1% targets1 are for nifty for JAN 2022.
if ahead of 2021 market grows at same rate below targets will be TGT2 and TGT3
Nifty is approaching its resistance level of 12 march 2020. It is unlikely to break this resistance with current movement.
Max pain in option chain has been seen around 8600. Expecting nifty to retrace to 8600-8700 level for 9th April expiry.