It is not a bear market yet
Last two weeks have been extremely volatile for 
NIFTY, but the trend is still up even after shedding nearly 1500 points from the top.
Nifty is currently in a very strong accumulation zone 11090-11180 and also taking support from 100 EMA in weekly chart. The trendline marked in red in the chart is the last support.. if broken, a bearish trend can be confirmed for next few months.. But until then, traders as well as the investors should be looking for bullish opportunities.
All the best.
NIFTY, but the trend is still up even after shedding nearly 1500 points from the top. Nifty is currently in a very strong accumulation zone 11090-11180 and also taking support from 100 EMA in weekly chart. The trendline marked in red in the chart is the last support.. if broken, a bearish trend can be confirmed for next few months.. But until then, traders as well as the investors should be looking for bullish opportunities.
All the best.
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