Nifty next day, 02.03.2023

1 Mar 2023

Publishing herwith my idea about nifty using day time frame

1 Mar 2023

Not

here we have 2 green verticals lines showing 2 different zones only for 02.03.2023,

higher one from 17498-17617, with some important price lines which could act as resistance in between
lower one from 17437 to 17313, similarly some important price lines which could act as support in between
light yellow vertical lines showing extended ranges

1 Mar 2023

Not

we have upward MACD movement in bank nifty, which will finish after close-up of MACD lines in daily chart,

1 Mar 2023

Not

price is moving in a channel, there is a falling channel also, intersection point of both channels around 17478 becomes important , if price continues in channel than 17592 approx becomes important

As already discussed in monthly idea, price opened above the monthly mid bollinger also above the monthly trend line

17486 and 17465 are two weekly line which acted as resistance today

1 Mar 2023

Not

correction 17468 and 17465

2 Mar 2023

Not

price has been opened below green 17437 so acting as resistance
below lines will try to support the price

2 Mar 2023

Not

price is at a trendline support

2 Mar 2023

Not

price rejected by green and closes at green completed the day downward range

2 Mar 2023

Not

this is only for today , go for next day idea 03.03.2023

3 Mar 2023

Not

17353 and 17465 are the two line valid in this chart now , for today's range go for nifty idea dts. 03.03.2023