Daily timeframe for Nifty 50
Hello traders,
As you can see nifty is running in channel for long days. The channel is ascending and touching it low yesterday. Today it is a possibility to touch and resist market highest High ever.
The red lines are weekly supports and resistances, whereas black lines are daily supports and resistances. Below 16952 there is a huddle where market has changed its direction and jump into a channel.
Today, keep in mind that market will be in bullish due to monthly panic expiry.
Once 18890 is broken there is open sky for nifty 50.
Happy trading
As you can see nifty is running in channel for long days. The channel is ascending and touching it low yesterday. Today it is a possibility to touch and resist market highest High ever.
The red lines are weekly supports and resistances, whereas black lines are daily supports and resistances. Below 16952 there is a huddle where market has changed its direction and jump into a channel.
Today, keep in mind that market will be in bullish due to monthly panic expiry.
Once 18890 is broken there is open sky for nifty 50.
Happy trading
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