If nifty breaks the triangle pattern formed in 5 min or 15 min in either direction then the target would be Red lines.
Due to:
1) Gap is acting as a Resistance
2) Max PCR is seen at -> 16950 which is the greatest support
3) SGX Nifty is 200+ in downward trend same with the USA and other markets
FYI:- Market will open in Gap down mode So it already indicates that it will re-test below support so we can see to retest the 17400 level.
Only for educational purpose.
Due to:
1) Gap is acting as a Resistance
2) Max PCR is seen at -> 16950 which is the greatest support
3) SGX Nifty is 200+ in downward trend same with the USA and other markets
FYI:- Market will open in Gap down mode So it already indicates that it will re-test below support so we can see to retest the 17400 level.
Only for educational purpose.