Nifty- Doji today but channel has downward bias
Expiry pressures out of the way, NIfty has hit the upper channel. If there is a gapup with breach of 17562, Nifty will look to break the downtrending channel.
Likely scenario is 17375 getting breached. 17300 is a critical level and a gap to be filled, followed by a virgin cpr support below it. Strong selling could carry Nifty below 17246 to levels marked on the chart. Do you se the channel being respected tomorrow or broken?
Likely scenario is 17375 getting breached. 17300 is a critical level and a gap to be filled, followed by a virgin cpr support below it. Strong selling could carry Nifty below 17246 to levels marked on the chart. Do you se the channel being respected tomorrow or broken?
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