Description
⋅ As discussed last time, for Nifty 17500 is going to be a good support area on daily chart.
Now lets zoom out a little and have even larger TF view, this is weekly. And as you can see, on weekly chart were are not even near to bearish zone.
So any and all speculations of bearish market, or bearish trend for upcoming years, is just out of the wind.
We are in a very strong bullish trend, sure, it might have lost some momentum recently, but its due to change very soon.
I expect nifty to bounce and do double of current levels.