Nifty fell beyond the imagination of many for NSE:NIFTY by omvats1

today is a big red day for the stock market , trying to give some possible ranges for the Nifty future movement in comment section also trying to show my previous analysis related to nifty and nifty future which shown the big resistance level for both

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nifty is following this curve and breached an important level and took support at the lower curve

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posted this nifty future idea with 12M levels on 25th Jan which acted as support at that time

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price hit the higher level and took resistance from there and support at the below level so this level is important now as lower 12M level is quite low

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also posted this channel on 30th May

Nifty got the resistance from the higher channel

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posted these levels on 1st June

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on the same date for the gift nifty

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today after taking resistance from the 12M and monthly level

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Bn also breached multiple layer after hitting the monthly level white line

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nifty also following a bigger channel

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a longer channel showing the real reason for the fall

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so possible levels

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near the weekly lower bollinger so risky need to hold here as macd also negative

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monthly MACD started looking negative index at the monthly 10MA below MA is quite low

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so i don't have anything positive except the pattern level support, if, able to hold here we could see some consolidation and upward movement , if not, lower levels are too low for the next journey , it could be considered as the re- testing of nifty future 12M level which price breached earlier without any consolidation, lets c , lower monthly and weekly levels are given in the respective chart, will try to give daily levels tomorrow , in such kind of movement only extreme levels possibly will survive

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important levels for the month and week