If Nifty opens gap up, it will try to break through 1st resistance and may pull back from channel resistance. If it opens gap down then the price may bounce back from immediate supports s1 and s2. if breakout, we will see a good rally. (**It's just my analysis, not a financial advice or trading setup. Please be careful and trade on your own**)
Comment:
The market opened gap down, got pulled back from support s2 as expected, and tried to enter in range again... We can expect some volatility
Comment:
if the price sustains 17700, more targets are ahead. The price may try to touch the last day's high. If the price fall, we can see slow movement till s2.
Comment:
Nifty closed in a range... be very careful as resistance is near. If the price opens gap up... Nifty might try to break resistance and touch channel resistance.