Price action has formed a falling wedge pattern in Nifty. The falling wedge pattern is bullish, and sustaining a price above 24500 is crucial. The zone 24400 to 24500 will act as a choppy zone.
Buy above 24520 with the stop loss of 24460 for the targets 24560, 24620, 24680, 24720, and 24760.
Sell below 24380 with the stop loss of 24430 for the targets 24340, 24280, 24220, 24160, 24120, and 24080.
The main trend is bearish, and the minor trend is bullish unless bulls show their strength.
Always do your analysis before taking any trade.
Buy above 24520 with the stop loss of 24460 for the targets 24560, 24620, 24680, 24720, and 24760.
Sell below 24380 with the stop loss of 24430 for the targets 24340, 24280, 24220, 24160, 24120, and 24080.
The main trend is bearish, and the minor trend is bullish unless bulls show their strength.
Always do your analysis before taking any trade.
Note
24550 is acting as resistance. 
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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.