Negative Closing and a bearish engulfing on daily chart.

2023年7月27日Negative Closing and a bearish engulfing on daily chart. Also in the hourly parallel channel 50 hours EMA is broken. In addition to this mid-channel support is also broken. This smell of weakness in the bull rally and perhaps a second signal of bear waking up from their comma. From the data available weekly closing below 19298 can change the trend of Bull rally and totally awaken the bears. Till we are above 19298 we can consider this fall as correction and consolidation within the Bull Rally.

Nifty Supports: 19641, 9578, 19507, 19373. and 19298.
Nifty Resistance: 19743, 19823, 19874 and 19939.