Marked a Parallel Channel that seems to work for now. Please note that all patterns fail at one point, and you can have multiple patterns that work at the same time. Overall the bias is towards a strong Downside. Expect it'll oscillate between the Black and Pink Lines before taking a strong move either side. Will update once market opens tomorrow. Tomorrow is an...
17550 level will be immediate resistance. If 17550 is breached convincingly, you can go long for a target of 17640/17680. These are Spot Nifty Levels. That said, my current bias is downwards, will update once the market opens. Watch this Space. Disclaimer (credits: user indiamarketoutlook) - The view expressed here is my personal view - Past performance is not...