Nifty still looking weak.

Oct 26, 2023

Nifty looks week and it is presenting / Will Present a great opportunity for the long term investors to accumulate gems from bottom. Market is not yet oversold but it starting to look one.

Important support levels for Nifty are: 18830, 18333 (likely bottom). If 18333 is broken we might see bears taking complete charge of the market and drag it further down to 17734 or 16818 levels. (Very unlikely but you never say never).

Predicting exact top and exact bottom is next to impossible job we can pick probable levels which can at as strong supply zones or comeback zones for spot Nifty.