As you can see from the charts of nifty 50 on daily time frame it is forming a bearish abandoned baby pattern
which is bearish in nature. nifty 50 may show weakness in coming days as global sentiments are also on negative side
short opportunities are formed if nifty 50 breaks the level of 18400-18350.
on further analysis it is also seen that nifty 50 have breached the 50 ema support it adds to the weakness of nifty 50
buying can only be seen if nifty 50 bounces from current levels and sustains it for a day or two.
which is bearish in nature. nifty 50 may show weakness in coming days as global sentiments are also on negative side
short opportunities are formed if nifty 50 breaks the level of 18400-18350.
on further analysis it is also seen that nifty 50 have breached the 50 ema support it adds to the weakness of nifty 50
buying can only be seen if nifty 50 bounces from current levels and sustains it for a day or two.