Nifty technical update for the day

Nifty technical update for the day 1) Chart attached in media 2) This is 1-hour chart 3) We have seen a downward channel 4) Finding support at the lower end of the channel 5) Next major support zone near 25050-25100 6) We slipped below RSI 40 now 7) Also 2,3- and 4-hour candle also we slipped below 40 RSI 8) Sector in focus PSU Banks - Stock on radar -

9) All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24 Sunil Kotak (Founder of SHUBH CONSULTANCY - SEBI Registered Research Analyst| INH000015826) Disclaimer: Investments are subject to market risk please read relevant documents before investing. Past performance will not guarantee the future results. My self/may associates do not own any stock recommended here. Me/My associates/My relatives do not have any conflict of Interest in the recommended stock. Me/My associates/My relatives have not received any compensation from the Company in last 12 months. Me/My associates/My relatives do not have holding above 1% in the stock recommended. This is for Intended Recipient only. Advisable to assume that we have recommended this one to our clients.