Part VI: Nifty- Today's Price Action Analysis

Updated

If nifty breaks 2nd target of 18314, we may see a good move above.
It can take a U-turn from 2nd TP to parallel channel C support trendline.

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Part IV: Nifty outlook: A steep recovery or a slow correction?

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The second target of nifty has reached at 18334.

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Nifty has given a beautiful downward move after breaking the parallel channel.
Price didn't sustain above my resistance level.
After It, Price broke the support level of 17968.
Nifty has broken the control line and, If the sentiments are bearish price may touch the lower band of the channel.

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Nifty can take two steps back before skyrocketing.

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