- Price closed below 20 day sma and is testing 5970 level. More falls in nifty only if price stays below 5970 levels.
- Immediate support at 38.2% Fib level.
- If price trades below 38.2% Fib level then price could fall towards 50 Day SMA and 50% Fib level. For bulls though an up move is possible if price stays above 5970 levels.
- NIFTY BEARISH ENGULFING AND DIVERGENCE
Posted by San at 8:04 AM
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