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#Nifty50 (spot) Index View

Nifty50 Index looks strong bearish. As it has formed Dark cloud cover (1&2 no.) and Bearish pin bar (3 no.) candlestick pattern on daily chart which is confirmation of a bearish sign. If Nifty given breakdown and sustain below support expecting downside moves upto 16880-16780 (spot levels) in coming trading session.

R&S stands at:

Resistance: 17640

Support: 17250

Disclaimer: Above provided view & recommendation is posted for educational purpose. There is a risk of loss in investing or trading in securities (cash or futures or options) which you should be aware of prior to making an investment/trading decision, including the possible loss of principal. You are responsible for all investment decisions you make including understanding the risks involved, even if it is based on information. Therefore. before taking any financial decision you are requested to consult with a financial expert.