NIFTY DAILY - 21/2/2024

Market falls from nifty’s new all-time high that is 22249 level and Bulls lose its winning streak in the market.

Nifty formed shaven head candle on the daily chart which indicates participants are selling from higher level.

Nifty has formed Bearish Engulfing Pattern on daily chart which indicates trend reversal.

We may see further weakness in market.

Nearest support will be 21986 level with resistance of 22381 level.

⚠️ Important: Always maintain your Risk & Reward Ratio.

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