As we can see NIFTY50 broken from the ascending triangle and consistently falling.
CASE 1.
NIFTY is at a major support level if it will break level we might see some more bearish move to downside at 50% fib level and then to another support level
CASE 2.
NIFTY bounce back from the support level To 14220 level and then above resistance zone
Let me know guys if you liked my analysis on NIFTY50 and do share your views on NIFTY50
Comment
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amazing move guys as written nifty might stop falling hope you all made good profits
IF BUDGET saves nifty 1st resistance is 13980 which looks difficult to cross.we may see sideways move for 2/3 days then start falling to 13420 take some support final target 13131. if 13980 crossed tomorrow itself 14220 is final high for next 15 days.new high is likely in march(15500+)BANKNIFTY has some strength to save nifty as nifty is going down because of RELIANCE and IT shares.