NIFTY'S VIEW FOR 16TH JAN

15 Oca 2023

Hey everyone, as we discussed in previous analysis (Trade from either side breakout/breakdown) it happened in the same way .

Now here is Analysis for tomorrow , its exactly how we can take Trade ,

If we look at the Daily time frame Nifty has taken a beautiful support from its support area which has been marked previously and there is pattern forming which is Descending triangle

now lets come to the shorter time frame where you may take trade if its going according to our analysis

we are a lil bit bullish on nifty , If we break the 18000 level only than we will take entry for long and there is previous swing which we will mark as stoploss

or
If it will bearish than we can short below the previous swing (17930) which i marked on the chart .

If our support area will break than we can short