NIfty has been free-falling all Due to COVID 19 and the same for Gold, Commodities everything. Chart that Nifty has the following in Pre 2008 Level and Post Market Crash in respect to USD/INR. Similar kind of Trend can be Observed as marked inboxes.
Levels are marked for reference purpose only Can we say that Market has Bottomed Out? Can we expect consolidation or Or Buying in Market? Feel free to comment, open to discuss in more detail.
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Currently, 7950 is the Support but if it breaks this, we can expect a fall of 1000 points & 7000 will become the next support but fall can extend till 6400 and there we can expect the market to rest there.