Nifty is a little confusing compared to Banknifty today.
The weekly levels are also not giving any clear picture.
We are looking at the following scenarios for Nifty today:
1. If Nifty crosses 17613 levels, then we can go for long. The is a small resistance at 17660 levels, but the price should be able to penetrate that level.
2. We can go short once we see a 5 minutes candle close below the 17472 levels, with a target of 17360.
The weekly levels are also not giving any clear picture.
We are looking at the following scenarios for Nifty today:
1. If Nifty crosses 17613 levels, then we can go for long. The is a small resistance at 17660 levels, but the price should be able to penetrate that level.
2. We can go short once we see a 5 minutes candle close below the 17472 levels, with a target of 17360.