Nifty 50 IndexShort
Weekly Nifty- breakdown
Nifty weekly candle close is below the major trend line which was in support from 2023, is broken now.
23350 to 23263 is a minor support level from which market can bounce to the trend line for a retest or go back the main trendline support for some retracement levels,
Downtrend can continue once 23263 is breached , we wcan even see 21000 levels, multiple fib levels are there in green zones.. but it may take some time to reach there , this for a medium time range period...
23350 to 23263 is a minor support level from which market can bounce to the trend line for a retest or go back the main trendline support for some retracement levels,
Downtrend can continue once 23263 is breached , we wcan even see 21000 levels, multiple fib levels are there in green zones.. but it may take some time to reach there , this for a medium time range period...
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