Nifty 50 Analysis:
Past 7 days market is being range bounded between 100-150 points.
This consolidation usually happens after the uptrend or downtrend movement in the market.
Currently the market in the distribution phase.
Distribution phase can be defined as consolidation happens after the uptrend movement in the market.
So we predict that the market can be bearish in the upcoming days.
The market can go bearish upto 17800
Suppose the market sustains above 18250, the market can be bullish and market can reach 18800.
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