Nifty's breach of the 192500 support level suggests a potential downward trend. If this decline continues, Nifty could reach 17180 before a potential bullish reversal. At that point, a profit-taking opportunity may arise, targeting a gain of 1831.7 points.
The formation of a head and shoulders pattern is currently underway. If the price breaks below the neckline support level of 25,000, a significant decline could ensue, potentially reaching as low as 1000
