Hello traders, As you can see nifty is running in channel for long days. The channel is ascending and touching it low yesterday. Today it is a possibility to touch and resist market highest High ever.
The red lines are weekly supports and resistances, whereas black lines are daily supports and resistances. Below 16952 there is a huddle where market has changed its direction and jump into a channel.
Today, keep in mind that market will be in bullish due to monthly panic expiry.
Once 18890 is broken there is open sky for nifty 50.
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