Nifty has a support nearby.
Nifty has a support around 16500 that has been formed due to the support angle drawn from the bottom that had formed in Nifty in 2008. This is a weekly chart and the new bottom should hover around 16500, say 16300-16700.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.