Nifty 50 Index

NIFTY Analysis

80
Inverted Flag and Pole Breakdown with good volumes
200EMA= 16668
RSI=37 (Weak Momentum)
PCR= 0.47(Very bearish sentiment) (May give a little corrective move tomorrow)
ATR= 293 (Strong volatility suggesting strong downtrend)
According to me Traders should look more for selling opportunities and long term investors should focus more on SIPs

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