Yes NIFTY is weak BUT....
Nifty has a small gap to be filled. But importantly, there is a strong support of Virgin CPR and a support at 17,944 (see purple line). Once breached, there are plenty of virgin CPR as critical areas. Nifty chart is bearish but has strong supports just below it. Will Nifty break supports and continue downwards or will it take support & reverse ....Let us see what finally unfolds net week. Which way do you see it go?
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