As we can see NIFTY showed some respite as expected since it is above 22200 level! Hence, standing by our analysis! Until and unless 22200 zone is protected, we can expect NIFTY to show some short covering. But if NIFTY breaches 22200 levels then we may see another sharp fall towards 20000 in long term. So plan your trades accordingly and keep watching everyone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.