During the previous upmove, Nifty left a lot of gaps on the downside. All of those gaps, as shown in the chart, have now been filled. Nifty has a high chance of bouncing back from here. Markets are extremely oversold, abandon your bearish bias atleast until you see a corrective move on the upside
@karanpatel863 that is something that I cannot comment on. Market seems weak so it can take longer too.
Munish_Jain
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My goodness.. so accurately predicted
Kapil-Mittal
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In my view, these oversold conditions paired with the filling of the gaps create a compelling narrative for a potential turnaround. It's crucial for traders to stay adaptive and consider the technical aspects of the chart.