NIFTY BEARISH

NIFTY closing 17043.3 with stoploss 17375 then targets are 16630-16400.

Seling Reason.

1 --> Price break the short term suppot and closing below.
2 --> Also Price close below 200 EMA.
3 --> RSI is break the 40.
4 --> ADX is show the Bearish move and -DMI is rise.
5 --> Bollinger Bands are open in #DOWNSIDE.