If the sentiments continue to be bearish and a breakdown of the 19300 levels occurs, it could pull the Nifty down to the 18900 levels. In previous sessions, Nifty was unable to close above the levels of 19600 and 19800. A descending triangle pattern, indicating a potential reversal, has formed on the hourly timeframes. If the support remains intact, we may observe Nifty consolidating for some time.
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Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.