Nifty Month chart shows price correction above a bullish Trend line. Price for now is in a bearish channel. If price stay within this channel it should test the rising trend line, Depending on the speed of the fall price may hit 7100 levels or lower. To avoid this bulls should do a channel breakout.
Weekly chart continues to break below swing lows. Staying below 7500 levels will continue to favour bears.
In the very short term bears need to stay below Hourly cloud to keep the short term trend intact.
