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Gajanan_Y

NIFTY more downside below 16568- Intraday Levels

Short
Nifty 50 Index (NSE:NIFTY)  
Gajanan_Y  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators NIFTY niftyanalysis downtrend EMAS supertrend supertrendstrategy niftytrend
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trendanalysis chartpattern indicator nifty niftyanalysis downtrend emas supertrend supertrendstrategy niftytrend
If NIFTY 50 crosses below 16568 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA, looking at the direction, a fall is expected as the trendline is also broken on the downside.
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