Nifty closed at it's last trendline support. It's trading within it's 200MA range. Even though retailers have lost their money, it might be turn around time, since the whole sentiment is NEGATIVE plus in fundamental terms, its institutions buying point.
Tomorrow/Weekly close would be V.V important.
I am not sure but unless Nifty breaks and closes above this with momentum, there is still a possibility of downside.
If you observe the closing of these 3 intermediate tops in my chart, they kind of form of a Triple top pattern.
Views are most welcome.