With the current situation of Nifty and Global market, Nifty has formed 5-0 pattern.
There are following conditions that can lead Nifty towards 20,300 by end of June'25. There is a gap of 4th Dec'23 and potentially it can be filled.
Target1; 21840 If Nifty close below 23250 on Week Time Frame
Target2; 21000 and it will be strong support
Target3; 20300 to fill gap of 4th December 2023
There are following conditions that can lead Nifty towards 20,300 by end of June'25. There is a gap of 4th Dec'23 and potentially it can be filled.
Target1; 21840 If Nifty close below 23250 on Week Time Frame
Target2; 21000 and it will be strong support
Target3; 20300 to fill gap of 4th December 2023
Note
Nifty closed below 23,250 so down targets possible.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.