there are two major resistancce zoneswhich are collinding with trendline which can possibly start the next corrective fall again if respected, 1st resistance zone is between 17530/17565 and the next and last one which is more crucial to decide corrective fall or breakout upside is bewteen 17622/17620,
current/ next minor resistance for nifty is between 17412/17450, if nifty opens inside/above this zone, then we can expect nifty hit the trendline's first resistance zone.
if nifty breaks and sustains abobe 17620 , then we can expect a move till 17780/17810.
if the resistance zone are respected then we can expect a corrective fall till 16800/16400 first.
Comentarios:
#nifty opened between mentioned reistance zone of 17412/17450 and dropped till 17300 level and bounced back, be careful while trading near the crucial trendline of daily time frame.
Comentarios:
nifty reaches 17530/17565 resistance zone, if breaks, next target can be 17600+
Comentarios:
nifty touched the important 17600 range resistance today, 17500 range can act as fresh support