Nifty Daily chart trading at important support level that is 10.000 to 9.930 if Nifty in daily chart able to break downside level then we can see possibly 9,200 level in next 2-3 month. Nifty currently facing resistance on 10.100-10.200 level for some relief in Nifty we need to see Nifty closing above 10.200 level with strong volume.
Nifty weekly chart has formed Uptrend channel pattern and now trading below breakdown (maximum people call it breakout downside) as per Pattern chart showing 9,200 level in next 4-8 weeks. Nifty just need to break daily chart support then we can see more bearish move in Nifty. On weekly chart relief only above 10,500 level for bulls.
Nifty weekly chart has formed Uptrend channel pattern and now trading below breakdown (maximum people call it breakout downside) as per Pattern chart showing 9,200 level in next 4-8 weeks. Nifty just need to break daily chart support then we can see more bearish move in Nifty. On weekly chart relief only above 10,500 level for bulls.