NIFTY is looking Bearish today🤑 Nifty is likely to be Bearish till it's below 17140.
❓ Reason: Because it's the Top of ATM Machine Indicator No Trade Zone on Hourly Chart.
🚧 Dowside Hurdles: 17070, 16970, 16805.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🔴 Positional Trend is Negative.
🔴 Long Term Trend is Negative.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
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