Description
⋅ Nifty from the day high has fallen around 500 points and forming a bearish engulfing candle.
Market after touching the resistance level of 15780 dropped sharply.
The market couldn’t sustain its support and looks bearish as its next support is far off.
Support:- 15125, 14950
Resistance:- 15530, 15625
Wait for the price action near the levels before trading the markets.