Updated trend analysis. Based on the huge selloff on 7th May 2024, the trend analysis of Nifty 50 has been updated with new continuations and reversals support and resistance areas.
- An old gap below 22200 might get filled
- Expected bearish continuation
- Expected bullish reversal
- An old gap below 22200 might get filled
- Expected bearish continuation
- Expected bullish reversal
Comment:
Gap filled
Comment:
Nifty broke down and retested the gap, continuing its bearish trend futher lower below the 21989 support line.
