NIFTY SUPPORT LEVEL BASED ON TREND LINE

If Nifty opens above purple line

NIFTY can buy when it touch purple line 16420 with target of 1:2 ratio, SL is when 1hour candle closes below purple line.

if Nifty opens below purple line 16420

Then go for PE with target of 1:2, SL -1hr candle should close above purple line.