In the chart, you can see there is a RIS Divergence marked by trendlines also Nifty has tested and rejected the 100EMA
This signals Downtrend
Moreover, there is a hammer candlestick which conforms Strong Down move
After Breaking the 50EMA there could be a move till 18,000
This signals Downtrend
Moreover, there is a hammer candlestick which conforms Strong Down move
After Breaking the 50EMA there could be a move till 18,000