Nifty direction tomorrow?

١٣ ديسمبر ٢٠٢١

Nifty is moving in a channel and has made a bearish candle from swing high. This week's movement looks to be downwards with possibility of touching 17100 levels by Thursday. We can expect a reversal only after nifty touches the 17150 - 17050 levels.

Breaking of 17000 levels can happen only after nifty retests the trendline resistance and any bull run can happen only I it successfully breaks the resistance and sustains.