NIFTY SGX , Analysis - Sep 6

Nifty still trading with in Aug 30,2022 (17409-17851) 500 point range on higher time frame.

Overall sideways movement until 17409 is broken for downside and 17851 for upside momentum

Big support on 4Hour time frame (17489-17520 levels)

Big resistance level on 4Hour time frame (17658-17720)

Any day we open above or below these level will have good momentum until then range bound days

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We going to see explosive move tomorrow

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17900 , more to come this week

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We hit. 4Hr timeframe 17489 demand zone , that was loading zone , 500+ pt from there as mentioned from above Idea

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We need to close above 17970+ above for more continuation next few days . Long Nifty Short SPX is theme