- What Market is Doing?
Nifty Weekly Return: -3%
Nifty is in intermediate downtrend.
The pullback in downtrend seems to be over.
Volatility is rising.
The RSI is diverging with with the Nifty. I have already tweeted about it.
The long term trend of Nifty is up.
Nifty Support 11100. Resistance 11850.
The number of stocks with clear downtrend is higher than those in uptrend in this week.
12100 is intermediate top now.