Nifty
Updated
As we can see the the nifty is testing the resistance and aligning with the trendline means we cannot decide the direction of the market until it breaks the resistance or trend line (dynamic support).
Hence people looking for a swing moment need to wait till the market confirms the direction.
Hence people looking for a swing moment need to wait till the market confirms the direction.
Note
As we can see the market failed to break the resistance and gave a confirmation of a bearish trend by breaking the trendline.We can expect gap-filling in upcoming sessions. And the next support will be 19500
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