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.