Nifty InstaView 25 Mar’21: Supports & Hearts Break … learn from

Nifty View: The fall continues as benchmark Nifty breaks below the recent swing lows with high momentum. No respect to the erstwhile supports as the index posts a close near the lowest point of the day. The index has now come at the lower border of a falling channel on the 75min charts, where in we can expect some support. But rather than supports what will be more important is whether the bounce backs sustain. Immediate resistance to keep a watch for is now at 14,600 and 14,750. No change in strategy - stay with the trend and wait for early signs of selling exhaustion.

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