Everyone is saying that nifty is weak and a crash is about to come. But according to charts nifty is strong now.
A resistance of 15040 was stoping bifty to go up but now due to every new higher low created by one day candles in nifty 50 the resistance of 15040 went weak now. And the trendline of nifty is rhe support for nifty. After watching charts it's not easy to convince overself that nifty is weak coz it is trying to touch new hights by taking the support of trendline.
A resistance of 15040 was stoping bifty to go up but now due to every new higher low created by one day candles in nifty 50 the resistance of 15040 went weak now. And the trendline of nifty is rhe support for nifty. After watching charts it's not easy to convince overself that nifty is weak coz it is trying to touch new hights by taking the support of trendline.