Nifty has given a breakdown from the pattern we observed on day charts ,the bearishness is likely to hit the support zonemarked on day charts : the stochastic is in oversold territory ---once nifty hits the support zone we will look for further clues
opportunity---the market(nse stocks) will provide some swing trading/ cash buying opportunity -this will be confirmed only after nifty 50 hits the support zone AND observing further price action, those who can deploy good cash should be ready , start doing their homework in selecting few stocks ;plz DONOT take this as a allout buy call rather the attempt here is to show how to proceed with a medium term trade which means identifying a potential
update nifty has fallen to the the upper line of support zone as discussed, now let us see how price action unfolds , the momentum on downside is good .....index might see more downside before support emerges