NIFTY Analysis
Monthly Time Frame: Candle with with head rejection on top of market structure
RSI oversold
FII's huge selling pressure
Weekly Time Frame: Bearish medium-sized candle breaking previous two candle lows
MT Outlook: Long Unwinding
Daily Time Frame: 9dayEMA,20dayEMA broken but 50dayEMA and S1PIVOT sustains
Hourly Time Frame: Lower highs and lower lows (downtrend)
Zone to watch out for: 17516-17854
Upside Targets: 17990-18020, 17256-17318
Downside Targets: 17430,17120,16823
RSI oversold
FII's huge selling pressure
Weekly Time Frame: Bearish medium-sized candle breaking previous two candle lows
MT Outlook: Long Unwinding
Daily Time Frame: 9dayEMA,20dayEMA broken but 50dayEMA and S1PIVOT sustains
Hourly Time Frame: Lower highs and lower lows (downtrend)
Zone to watch out for: 17516-17854
Upside Targets: 17990-18020, 17256-17318
Downside Targets: 17430,17120,16823
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