NIFTY SPOT VIEW-22ND AUGUST 2022

I was told by 18th August blog that,”be careful into the market that nifty trading near strong resistance area.”So by the Friday trading session nifty took resistance around Gann 1×1 angle area and fall sharply,Gann 1×1 angle area was 17977 and nifty made high on 19th August 17992 and fall sharply.22nd August also important if nifty start recovery then this correction might be over and main trend will resume again,if nifty unable to recover and continue the selling then we may see continue the selling for another few day’s.

According to me SBIN made a sell trade setup on daily chart, if wekaness seen by the banking sector then this stock will show the weakness.I have posting the SBIN daily chart.

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