NIFTY
Nifty currently in downtrend . proper reversal if nifty sustain above 16200 in daily closing basis. all negative factors already consider the market(recession). in my view it will consolidate for some time and then trand is formed.
Nifty at resistance level of 15900 .
Taking PE below if closes below 15820
St loss = 60 points
Target = 120 .
Reason for PE- decrease in MACD strength ,RESISTANCE level rejection,divergence,geopolitics.
