Nifty Spot View: 23/09/2022
Cmp: 17629.80
Support & Downside Range: 17532.45—17429--17330
Resistance & Upside Range: 17722.75-- 17794-- 17925—18096.15
Short Term Trend Reversal Level: -- 18096.15
Trading View: Despite of all global sell off and weak currency our market is able to remains in small range and its bouncing back after all gap downs so here it reminding me the pattern Ending Diagonal can form the same pattern which formed when we got our covid top , this pattern may form or may not form and when such kind of situation happens it creates too much confusion which side to pick so we have our levels to watch our which is 17709—17722.75 if we closes above this zone I have assume that Ending diagonal is in progress and we may head one more time upside towards 18150-18250 zone and if we does not get close above this levels then consider 18096.15 is our top and soon we will head downside, for intraday prospective key level to watch is 17532.45 yesterday's low break and sustain below it for 15-30 mins we may head intraday minimum 17429 and max 17330 ahead of weekends whereas close above 17709—17722.75 wild swing moves remains in market for few more days..
Cmp: 17629.80
Support & Downside Range: 17532.45—17429--17330
Resistance & Upside Range: 17722.75-- 17794-- 17925—18096.15
Short Term Trend Reversal Level: -- 18096.15
Trading View: Despite of all global sell off and weak currency our market is able to remains in small range and its bouncing back after all gap downs so here it reminding me the pattern Ending Diagonal can form the same pattern which formed when we got our covid top , this pattern may form or may not form and when such kind of situation happens it creates too much confusion which side to pick so we have our levels to watch our which is 17709—17722.75 if we closes above this zone I have assume that Ending diagonal is in progress and we may head one more time upside towards 18150-18250 zone and if we does not get close above this levels then consider 18096.15 is our top and soon we will head downside, for intraday prospective key level to watch is 17532.45 yesterday's low break and sustain below it for 15-30 mins we may head intraday minimum 17429 and max 17330 ahead of weekends whereas close above 17709—17722.75 wild swing moves remains in market for few more days..
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