- Nifty is moving towards the recent low made at 4946.
- Price if finds support there then we may see a descending triangle pattern.
- It has been trending in favor of bears from 5600 levels.
- Price has not made a close above 50 Hour moving average yet.
- So warnings of a trend change might come if price starts to trade and close above 50 Hour moving average until then stay short.
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