Nifty - Technical update

1) Nifty - we broke below support zone 24500-24550 - stock on radar

2) We broke below RSI 40 on 1-hour, 2-hour and 3-hour chart 3) Trend is bearish now 4) FII selling is now stopping as of now 5) Banking in negative mood for now due to FII selling. 6) Major support at 24200 now. 7) We may see 24200 in next 6-7 trading sessions. Sentiments bearish for now. We will be bearish below 24500-24550 Thank you, Technofunda24