Nifty Index started the month on a high note and we are trending down from the very first day. We started a little over the Target 2 level and drifted down to hit Target 1 level. We bounced to Target 2 but with a lower high which was the first warning signal in this Dec 2025 monthly expiry. The down trend continued to hit the upside breakout level forming a doble bottom there. we got the requisite bounce back we cleared the Target 1 level to form a double top there. We drifted down yesterday again below the Target 1 level for the fourth time. the level to watch will be the upside breakout level for supports and Target 1 level as resistance. Any expansion on either side needs to watched critically for breakouts or fake-outs which are most common nowadays.
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