"Nifty’s Slippery Slope: Where’s the Next Stop?" 🚨📉
We've been tracking Nifty’s downtrend for a while, and as predicted, it has landed near 22,500 after breaking a crucial trendline. But what’s next?
🔍 Current Market Outlook: 📉 Nifty is moving within a downward channel after breaking a critical secondary trendline. 🛑 Next Support Levels:
Channel Bottom 📊 If the channel breaks, the primary trendline at 61.8% (21,679) could be the next support. 📈 Bullish View? Wait for a channel breakout—let the market prove itself before taking aggressive long positions.
📌 Strategy to Follow: ✅ Be Light on Positions – Ride the trend but with strict risk management. ✅ Look for Value Stocks – A falling market is a great time to find quality investments at a discount. ✅ Stay Patient – As Warren Buffett wisely said: "Be fearful when others are greedy, and greedy when others are fearful."
📢 SEBI Disclaimer: This analysis is for educational purposes only. Stock market investments are subject to market risks. Always do your own research or consult a financial advisor before making trading decisions.
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🚀 Are you buying the dip or waiting for confirmation? Drop your thoughts in the comments! 👇
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.