nifty next day,03.03.2023

2 Mar 2023

publishing herewith my idea about nifty using day time frame

2 Mar 2023

Catatan

ist option price will remain in horizontal range as shown in left picture

2 Mar 2023

Catatan

if opens below could take support of below green zone 17285-17267, if continues to fall we have further price lines 17252 is weekly range ,
actually next week down range is quire far, if sellers are really in control they must try to reach the next week level, around 200 pts , possible?

next possibility, price will try to close above 17354 level a weekly inside candle

or continue its consolidation in green zone as shown in right picture

lines will act as support and resistance according to the opening price

3 Mar 2023

Catatan

i think ranges are working perfectly