As we can see NIFTY fell unidirectionally and has taken support from the previous swing. Now, we can see NIFTY has much space to cover and also in Monthly TF, we can see NIFTY forming more like a head and shoulders pattern which is huge sign of bearishness. Hence as long as we are above 22200, we can expect NIFTY to show some short covering. So plan your trades accordingly and keep watching everyone.
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