1. View: Bullish
2. Gap: Expecting a Gap Down of 300 points.
3. Range: Red lines are expected to be a maximum limit of price movement.
4. Buy or Sell when price is closer to this Zones.
5. This is not a recommendation.
6. Follow with your own risk.
Signs of NIFTY Reversal
• Weekly Lower level crossed above Monthly Lower level.
• Forming a W pattern in Daily timeframe.
• This can be a short swing up till around 17000 before continuing the Bearish trend.