Nifty prediction for tomorrow|nifty technical analysis<data:view.title.escaped/>
OBSERVATION
As we can see that in 1 hour time frame Nifty is formed ascending channel pattern.
if it breakout on any side it will give us a very potential trade.
According to option chain:
Higher open interest on 17500
Market Support is 17500 and Resistance is 18000
Range: 17500-18200
Present price- 17800
according to sgx nifty, our Indian market will open 50 point gapup or sideways.
Technical analysis
As we can see that on 15 min time frame it formed bearish flag and pole pattern.
If market open flat in Monday and give breakdown then maybe we can see a fall in nifty 50
And price action in daily time frame shows a upward trending market.
BANK NIFTY
As we saw banknify formed a symmetrical triangle pattern on a 15 min time frame if it breaks there support zone and trendline it may go fall till 37130.
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I specialize in analyzing market trends using technical analysis. Please note that the content shared here is for educational purposes only and should not be considered financial advice. I am not SEBI registered, and I encourage readers to conduct their own research or consult with a certified investment advisor before making any trading decisions. I am not responsible for any profits or losses resulting from your trades.
I specialize in analyzing market trends using technical analysis. Please note that the content shared here is for educational purposes only and should not be considered financial advice. I am not SEBI registered, and I encourage readers to conduct their own research or consult with a certified investment advisor before making any trading decisions. I am not responsible for any profits or losses resulting from your trades.
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