Last time, Nifty took support around the 200 EMA at 17,600, and from there, it surged to a high of 26,000.
Now, today, Nifty has closed at the 200 EMA level.
The 23,500 level is a strong support at the 200 EMA.
If this level is broken, we may enter a correction phase, and the chances of further downside will increase.
1November 13, 2024 1K