Nifty is following downward channel
It is expected to fall more till it breaks the upper line of this channel
It is expected to fall more as per the charts
And if it falls more it may either take support at 200 EMA on daily chart.
Or it may bounce back from the strong support zone as marked on the chart and mentioned as support zone.
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
It is expected to fall more till it breaks the upper line of this channel
It is expected to fall more as per the charts
And if it falls more it may either take support at 200 EMA on daily chart.
Or it may bounce back from the strong support zone as marked on the chart and mentioned as support zone.
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.