As we can see NIFTY fell unidirectionally as soon as it broke 24860 levels exactly as analysed in our previous post. Further, we can see NIFTY has also filled its pending gap. Now that the gap has been filled, any flat to slight weak opening around 24600-24650 levels can show sharp RECOVERY but if it fails to take SUPPORT then we may see another fall towards 24500 levels which is both a psycholoical level and important SUPPORT. SInce this psychological level has not been tested much, so we can expect RECOVERY BUTTTT if it FAILS to take SUPPORT at this level then we may see a MAYHEM or another BLOODBATH below this level so keep watching everyone and plan your trades accordingly.
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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.