SBI weekly chart
SBI has support at 1600 and now it is trading at 1554 . If it closes below 1600 on weekly basis further fall is likely to happen .
TCS weekly chart
TCS was trading within a ascending formation and before few weeks this channel was breached . Now TCS is trading below support level . If it closes below this level on weekly basis further fall will happen .
Medium term trend of Nifty still remains down . Reversal will be indicated in later stages .
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