This view is on daily time frame and with the Elliot wave theory of hrly lower channel breaks then it will head towards 15330 and 15086 levels, these levels can become a good buy zone because Elliot ends and upside resumes to break all time high.
#NIFTY50 expiry day analysis
Possible moves today
Nifty gapdown upto17000-17100 range
Nifty pull back towards 17200
Range bound between 17200 & 17300
2nd half move expected which ever side it breaks out.
Breakout from 17330 will move towards 17500, 17600
Breakdown from 17200 will move towards 17080, 16950
Nifty presenting 2 scenarios
The blue one suggest an opening gapdown near 17150 will then fill the gap and show bullishness beyond 17300
The red one suggest a gapdown or break below 17045 will further weaken the markets towards lower targets near 16800