Nifty Analysis:22-05-2023
Today's nifty went as we discussed yesterday. It took resistance at the 18303 level. It has formed an inverse H&S pattern.
Scenario 1: If tomorrow's (23-05-2023) market obeys this pattern, then nifty will reach firstly the 18389 level. Secondly, it will reach the 18457 level.
Scenario 2: If the market breaks this pattern by tomorrow, it will reach firstly 18250 level. Secondly, it will reach the 18150 level.
Today's nifty went as we discussed yesterday. It took resistance at the 18303 level. It has formed an inverse H&S pattern.
Scenario 1: If tomorrow's (23-05-2023) market obeys this pattern, then nifty will reach firstly the 18389 level. Secondly, it will reach the 18457 level.
Scenario 2: If the market breaks this pattern by tomorrow, it will reach firstly 18250 level. Secondly, it will reach the 18150 level.