Nifty moves for today & in upcoming days .

3 мар. 2023 г.

SGX nifty moves again in the upside from the hourly/daily support area, clearing the one thing that 17,250/17,300 is still significant support for the upcoming. The market structure is on the downside, but we need to break this level to see a clear downtrend; otherwise, it will be stuck again in the range.

Critical Resistance:
17,545. This is the previous swing high and can change the hourly structure and make a " W" Pattern which is a sign of retracement from the previous trend. Three Patterns will be activated on the breakout of this level.

Critical support
17,200 to 17,250 the whole is a crucial demand zone, and breaking this level can start a new bloodbath

Keep an eye and Trade Accordingly.