View on Nifty
The benchmark Indices have been forming a Head and Shoulder pattern on daily charts. The pattern finally played its part, breakdown came on 22/11/2021. Retesting of the same was done on 24th of November 2021. The breakdown can further be confirmed today.
Banks are weak, Reliance is weak. It is enough for these 2 things to be weak for nifty to fall. we can see 16200 levels on the nifty in December expiry.
Banks are weak, Reliance is weak. It is enough for these 2 things to be weak for nifty to fall. we can see 16200 levels on the nifty in December expiry.
Note
Nifty finally showing its true colors, 16600 shall be the stop.
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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.