Nifty: Chart set up and view

Nifty
We have been warning about the fall since the last few Nifty updates

https://in.tradingview.com/chart/NIFTY/tAivWTMQ-Nifty-Brent-Crude-The-Fundamentals-and-the-Technical-aspect/

If on pull back Nifty finds it difficult to reconquer 63 day EMA then probability of Nifty falling towards 18820 could be higher.

Current Scenario and Important levels have been discussed...

View gets invalidated if Nifty closing is above 63 day EMA on a weekly closing basis.

Take care & safe trading..

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Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be