Hello, Nifty is almost in a break situation. I have shown two possibilities in the above chart. First is, if a bounce comes then it can take the Nifty to 19800 levels with strong support at 19600. It is based on fibonacci retrechment. Hope it comes true.
Alter way, purely based on the candle pattern, If it starts trading below 19650 and sustains then Nifty can go to hit 19500 levels. Intensity can be sharp and this can be achieved by today itself.
Stock to watch - LT and TCS for long deal.
Happy trading,
Praveen kumar
