So, guys after analyzing the chart we can see clearly a descending triangle pattern on 15 min time frame which shows us that market is looking weak. According to the chart pattern tomorrow we can look for short positions below 17235 and book our profits at 17100 price level. Best of luck.
Market opened gap up but cannot sustain and started forming lower highs which shows weakness in market.
17280- 17260 is acted as support previously. If this level breaks we can look for shorting opportunity.
nifty is making inverse head and shoulder pattern and looking bullish .
Target for long side is 17600-17640.
And if market breaks the neckline we can go short for target up to 17100.
