Another winning streak of Bear’s, Nifty opens gap up and made day high that is 22588 but didn’t sustain upper level and bear took over the market and drag it down to the 22409 level.
Index has formed bearish with small upper and lower shadow on daily chart.
MACD is giving Crossdown which indicates more bearishness into the market.
Further support of nifty will be 22406 level with resistance of 22562 level.
Bank Nifty levels Support – 48677 Resistance – 49057
Today’s Advance Decline ratio of NIFTY50 Advance - 23 Decline - 27
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