Last week we sight the evening star, follow up with a downward rally, and now the price is below 17300 which is the Poc level, next support is at 16850.
Looking at the global cues, the majority of indexes have closed red, it is suspicious to hold the 16850 level. If this happens we could see a rally towards 16200
candlestickpatternchanneltrendChart PatternscorrectiveTechnical IndicatorsniftyanalysisPOCpriceactionanalysissupportandresistancezonesTrend Analysis

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