1min chart Caution: Sharing for study purposes only, not any kind of recommendation. Risk is yours.
1. View: Bullish 2. Gap: Expecting a Gap Down of 300 points. 3. Range: Red lines are expected to be a maximum limit of price movement. 4. Buy or Sell when price is closer to this Zones. 5. This is not a recommendation. 6. Follow with your own risk.
Signs of NIFTY Reversal • Weekly Lower level crossed above Monthly Lower level. • Forming a W pattern in Daily timeframe. • This can be a short swing up till around 17000 before continuing the Bearish trend.
As per the indicator NIFTY is in a reversal Zone. Each levels were strong support and resistance. Or the trend continues?