NIFTY - A downfall is anticipated, Strongly…!The market rebounded from e- day crash but there is still a room for further correction as mentioned before, the market is expected to test its 50% Ret where the drawn extended T.Line also coincides ( @21,090 level s).
The month of june is expected to have a negative close but holding up of 22,455 becomes mandatory.
(i.e only in monthly charts & not in any higher timeframe charts)
P.S:
1. the supports for the fore coming downtrend will be @ 22,350 & 21,790
Any further collapse will lead to the aforementioned levels.
Trade accordingly.