#NIFTY 23400 was tough resistance to cross 

It opend gapup but not sustaind

Technically if u see nifty weekly charts below, the blue line which is #50WEMA is very very crucial now

Price went up to exact same levels last week also and fell, same happnd this week

So till we are closing below that level, we consider it as heavily bearish

I expect 22800 22500 till budget

Not instantly as already this week big move has came
#nifty
#NIFTY #50WEMA