Nifty is in ascending triangle pattern, which can give movement if it breaks the black line and closes below 11385 and it will go up if it closes above the red line and closes above 11395.
According to technical analysis and pattern, Nifty is showing a positive trend today.
Targets are 11415, 11440.
Nifty might have a big fall in the coming days.
Since it crossed down the daily support it might fall till 10023, which will lead to one of the largest erosions in investor wealth. Sustained selling pressure is seen in the market. Resistances are gradually shifting lower.
If it closes below 10023 then the next target will be 9971.
This shorting trend will reverse...
Nifty is highly volatile. Nifty is trading inside a range. Enter trades with strict Stoploss.
If Nifty closes below 10973 Nifty will go down, Target is 10947
If Nifty closes above 10990 Nifty will go up, Target is 11019