Nifty is in down trend channel, With recent swing low we have completed 127% of Fib retracement, a good point for fresh up trend. But looking at channel and Fib levels its going to be difficult for nifty to cross 8200 and 8400.
Green and Red marks are spots where nifty is expected to turn or break the channel. Be watchful around this time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.