Nifty has crossed below the Daily Support.
Updated
Nifty might have a big fall in the coming days.
Since it crossed down the daily support it might fall till 10023, which will lead to one of the largest erosions in investor wealth. Sustained selling pressure is seen in the market. Resistances are gradually shifting lower.
If it closes below 10023 then the next target will be 9971.
This shorting trend will reverse only if Nifty crosses above 10960.
Trade with strict Stoploss and based on technical analyzing.
Since it crossed down the daily support it might fall till 10023, which will lead to one of the largest erosions in investor wealth. Sustained selling pressure is seen in the market. Resistances are gradually shifting lower.
If it closes below 10023 then the next target will be 9971.
This shorting trend will reverse only if Nifty crosses above 10960.
Trade with strict Stoploss and based on technical analyzing.
Trade closed: target reached
One of the targets in between 10700 has reached.
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