How much will nifty fall?

Going with a view of more 3-5% fall in nifty. Reasons for my view:

1. Support at 16K level on weekly time-frame.
2. 200 days SMA support also at that position.
3. Trendline support is also present over the area.

Note: This is only for education purposes, please don't take any position on behalf of this.
Beyond Technical Analysismedium-termnifty50niftyanalysisTrend Analysis

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