Detection of New Covid variant set the panic button rolling. There has to be a reason for overbought market to fall. This news created panic or it was used to create panic. We never know for certain how big this will be. Everyone wants to be cautious. The markets were overbought on charts. FIIs were sitting on handsome Profits and Christmas time they usually...
so according to data market is bearish, making a symmetrical pattern on 1 min time frame, and breaks for the downside.
Educational Purpose Only Channel BreakOUT Head & Shoulder Pattern Hope is 15000 Level Only Broken 15450 also💔
nifty show bullrun and maxmium tgt is that 16370- 16500 nifty after hit this level if possibel given short covering .... so i suggest sell nifty around 16370-16500 down level is 15800-15600 if nifty done this level next down fall reay in stock market crash
Nifty reversal @1.382. Fibonnacci Retracement. Wait for yesterday low to break , If broken then our target =14753.5