Nifty next day, 02.03.2023

Publishing herwith my idea about nifty using day time frame

註釋

here we have 2 green verticals lines showing 2 different zones only for 02.03.2023,

higher one from 17498-17617, with some important price lines which could act as resistance in between
lower one from 17437 to 17313, similarly some important price lines which could act as support in between
light yellow vertical lines showing extended ranges

註釋

we have upward MACD movement in bank nifty, which will finish after close-up of MACD lines in daily chart,

註釋

price is moving in a channel, there is a falling channel also, intersection point of both channels around 17478 becomes important , if price continues in channel than 17592 approx becomes important

As already discussed in monthly idea, price opened above the monthly mid bollinger also above the monthly trend line

17486 and 17465 are two weekly line which acted as resistance today

註釋

correction 17468 and 17465

註釋

price has been opened below green 17437 so acting as resistance
below lines will try to support the price

註釋

price is at a trendline support

註釋

price rejected by green and closes at green completed the day downward range

註釋

this is only for today , go for next day idea 03.03.2023

註釋

17353 and 17465 are the two line valid in this chart now , for today's range go for nifty idea dts. 03.03.2023