Nifty Analysis | Trade Plan

Feb 23, 2022

As per current market sentiments and global news we can see bearish momentum in Nifty 50 in upcoming days. Technically also the Index is forming descending triangle pattern taking support at 16900 -800 zone and once this support breaks than we can see Nifty to 17600 levels. Now talking about the levels plotted on chart we can plan out trade based on these area, the beaeish breakout level is crucial to watch out for but If it gets broken then we can see T1 & T2 as per our study, however the only level for bullish reversal is also marked on 17000 area which is also a psychological support. Bottom line is there's more downside than upside in the market for upcoming days.