Nifty - Levels to watch out...

[bbrijesh]

A gap-down on cards as Gift Nifty indicates an opening down of ~250 points.

Considering the Nifty (spot) chart, the multiple trendlines and previous swings indicate the major support area of the 22,800-23,000 zone.

If bulls manage to hold this, it may potentially turn into a buying opportunity. Wait for the markets to react to the support zone.

[deepakkchabria@gmail.com]

Sir thanks for the analysis.