Nifty 50 Levels and Zone For Long By 👑TrendTalk 👑

Nifty 50 Prediction
Nifty50 closed 140 points lower on Tuesday's trading session at 22,302.50 with 34 stocks in the red.

“Technically, the trend has weakened as the index fell below the 21-EMA (Exponential Moving Average). A Head and Shoulders pattern is visible on the hourly chart, with the index currently sustaining below the neckline, indicating a bearish formation. Further selling pressure is anticipated, possibly extending towards 21,980 - 22,000 in the short term, as long as it remains below 22,400," said Rupak De, Senior Technical Analyst, LKP Securities.