Nifty fell over 200 points and formed a strong bearish candle on the daily chart, indicating a shift in the short-term trend. However, the near-term uptrend remains intact, and traders can potentially find a buying opportunity at the immediate support levels of 21,550-21,500.
Analysts believe that Nifty may be experiencing a short-term top reversal pattern. Support is seen around 19850 levels, and resistance is expected at 20100 levels. Traders are advised to use any consolidation as a buying opportunity.
