If Nifty has completed the decline from the high of 6142, there can be a retracement to this move starting tomorrow or Friday.
This retracement is expected to go towards 5940-5960 or 6010 – 6035, from where the downtrend can start all over again.
How does one trade the next downtrend if it starts – Options charts will provide the answer !
If 6050 is not crossed, I expect the next downward target to be below 5500.
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