Nifty 15 Minutes
Downtrend.
If we take the fall 17599.75 to 17299 hen retracement of 61.8% is around 17485
LH s also around that level.
Nifty need to cross that level first.
Also, HH is around 17599.75.
So, uptrend is only above that level.
And if you take the retracement for the fall 18134.75 to 17299 38.2 % is around 17620 levels.
And 61.8% retracement is around 17800 levels.
So, Nifty will be uptrend only above 17800 and will have resistance 18134 levels being LH in daily time frame.
Downtrend.
If we take the fall 17599.75 to 17299 hen retracement of 61.8% is around 17485
LH s also around that level.
Nifty need to cross that level first.
Also, HH is around 17599.75.
So, uptrend is only above that level.
And if you take the retracement for the fall 18134.75 to 17299 38.2 % is around 17620 levels.
And 61.8% retracement is around 17800 levels.
So, Nifty will be uptrend only above 17800 and will have resistance 18134 levels being LH in daily time frame.