NIFTY

28 de mar. de 2022

In the nifty chart, respecting our trendline, it broke down and closed below the trendline. This is a rising wedge pattern and shows trend reversal,as long as it below 17250 negativity is there. But on the downside, 17000 is the key level near the range where huge buying is happening and 200MA also placed at 17000. last week, above  nifty, struggling to close at 17350.  weekly candle last week, it gave a puse candle spinning top. Now it needs to break the high or low to get the direction.With the globe clue, we can confirm the trend if there is any good news from the war side. Otherwise, uncertainty is still there. Let's hope volatility is between 17500 and 17000 this week.