Bearish view in nifty
As the selling pressure is high in nifty the view is bearish
Technical chart indicates a bearish trend for nifty and the market is likely to remain volatile due to the expiry of the February derivative contract
If the nifty breaks are support level that we have discussed in our video which is 22670 it may touch the 22450 level
After a sharp downtrend, nifty started forming sideways but it was unable to break the resistance level of 23150
It is moving between the resistance and the support level for the last 3 to 4 days
conclusion if nifty breaks the level of support that is 22670 it may touch level 22450
BEARISH VIEW IN MARKET
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