Indice Nifty 50

Will previous SUPPORT act as a RESISTANCE now!?

90
As we can see NIFTY showed a strong reversal despite touching our reversal levels but we did expect a strong movement from our demand zone. Now we can see it has closed below the channel which could potentially act as a RESISTANCE hence unless NIFTY closes inside the channel until then we cannot confirm this as a false breakdown and can expect further downfall so plan your trades accordingly.

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