NIFTY50 is looking Bearish.
🤑 Nifty is likely to be Bearish till it's below 18406.
❓ Reason: Because Nifty is below the ATM Zone Upper Point of ATM Machine Indicator on Hourly Chart.
🚧 Downside Hurdles: 18260, 18130, 18050, 17965.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🔴 Positional Trend is Negative.
👺 Long Term Trend is Trapping the Bulls.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
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