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NIFTY failed to take support, moving towards strong demand zone.

Nifty 50 Index (NSE:NIFTY)  
Wealthcam  
NSE:NIFTY   Nifty 50 Index
Supply and Demand Trend Lines Multiple Time Frame Analysis
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supplyanddemand trendline mtfa
As we have analysed in our previous post that we can expect a recovery from current levels in NIFTY but NIFTY failed to take support and fell unidirectionally after a weak opening hence now that NIFTY has breached our level below we can expect NIFTY to fall more till finally reqching our important demand zone around 19600 levels for signs of rejection for REVERSAL
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