𝗡𝗶𝗳𝘁𝘆 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗳𝗼𝗿 𝟭𝟯/𝟬𝟭/𝟮𝟬𝟮𝟱: 𝗖𝗮𝗻𝗱𝗹𝗲𝘀𝘁𝗶𝗰𝗸 𝗖𝗵𝗮𝗿𝘁 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

Since 6th January, Nifty has been forming bearish CPR pattern, reflecting a continuation of the bearish sentiment. On the 15-minute timeframe, the index is consistently trading below the 34-period EMA, further confirming the short-term bearish trend. Additionally, the RSI remains within the bearish zone, fluctuating between 20 and 60 levels.

As long as the price stays below the 34-period EMA and RSI remains under 60, the bearish trend is likely to persist. It is important to watch for bearish structures or MSH to initiate short positions, as they offer more affordable and low-risk entry points.