Tech view: Nifty breaks 25,000 support, forms long bear candle. How to trade on Monday

September 6, 2024

The emergence of a long bear candle on the daily chart, coupled with a decisive break below the 25,000 support level, points towards a significant downward shift in the market. This pattern, according to Nagaraj Shetti of HDFC Securities, confirms a short-term top reversal at the 25,333 level.

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So, on the downside, then we will again look at retesting 23,200, the lows that we made last month and if that breaks, then possibly

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