Nifty technical analysis for 26th March 2024

Hello everyone👏

It's again a new week & monthly expiry ahead...

So as it was a holiday on occasion of Holi.. Our Indian market will open on Tuesday.. Can be a action pack / again consolidate trading week, as since few weeks Nifty traded in range of 22200 to 21950 & made low of 21700..

Any brekout of 22200 level it can be good for bull players for again hit tgt for 22300 & 22450 levels
Or if again break 22 k will drop down to 21950 & 21860 to 21700 levels.. If 21680 didn't hold then selling pressure activated to coming up 21500 & 21350 levels simultaneously..

Have already plotted all levels on chart.

In multitimeframe trend analysis

*Monthly chart*
### Indecisive candlestick with support of 21700 & resistance 21530
Momentum bullish
*Weekly chart*
### It's a bullish hammer candlestick, with support of 21710 & resistance of 22180 .. Momentum in bullish territory
* Daily chart *
### its a bullish candlestick, Rsi inclined, 21800 demand zone & 22200 supply zone..
* Hourly chart*
### doji candlestick, it was a bullish crossover of 9 ma & momentum also bullish,.. Inverted head & shoulder seen.. Neckine was at 22080
So within 22180 & 21950 it can be good scalping trade opportunities again..

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All the levels and information provided here is only for educational purposes. No buy / sell recommendation 🙏
DYOA & trade accordingly.

Thank you🙏