1. As per the chart, nifty is formed double top & raising wedge pattern also seems ascending triangle pattern. As per the pattern formation nifty should come next resistance of 11371.
2. Fib level swing high to swing low is showing .5 fib level ( golden ratio) 11371..
Most probably we expect nifty will fall in coming weeks.
Target is 11371.
Nifty and Bank nifty is near by previous demand zone.. it will retest that zone and come down to next monthly support ( red colour line)...
But in 4 hrs chart, it both charts are in consolidation zone... once it complete it will come down...
Let’s see in next week