Nifty has opened below 200 DMA (5975) and also below the support of 5975 which is a bearish sign. Nifty is also trading in downward trading channel (as shown in the chart) which indicates recovery from the current level if nifty manages to break out of the channel. But for the strength in the uptrend it should close and sustain above 200 DMA and 5975.
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