As we can see NIFTY fell unidirectionally despite opening strong and also formed more like a MARABOZU candle showing bearish dominance. Despite the weakness, we can see NIFTY heading towards next important demand zone and psychological level of 23000. Hence, as long as this level is protected, every dip could be bought. But if it manages to break and sustain below 23000 mark then we may see a mayhem in market. 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.