If R1 gets broken today it will slowly stumble and nifty move to R2, since R1 is the biggest resistance it is a little difficult to break it today, but if broken it will definitely go to R2, also R2 is the biggest resistance, only if both of these are broken then the Uptrend can go. If not, it could be a big Down Trend or 50 to 80 points Side Way trade like...
Nifty is only likely to continue uptrend. Although it fell during the opening of trade yesterday, it has started to rise again during the trade and it is likely to break 19500 again today due to the presence of Cup with Candle patterns.
Nifty 50 is given support and resistance. But what is important is that Nifty Uptrend started from the beginning of this week, but it did not happen in a big way. Uptrend will continue if R2 is broken today by the end of the week.
If Fin Nifty breaks S1 there is a chance PE side can take 150 points In the Money, need attention it expires today, Stop Loss must be used. But if R1 is broken there may be a very large move towards Ce.
Nibity 19780 is the biggest resistance so be careful. But currently uptrend trading is taking place. A break of 19730 will turn into a downtrend trade. If 19780 is broken then 19800 may be the next target.
