Nifty seems to be clearly in a downtrend (based on the Weekly chart), temporary holding at its current level due to the LIC IPO and the results of the companies ending of the financial year 2021? But it might be bound to respect its trendline and support soon as we can see here it is approaching it. 15,975 to 15,885 might be the next important support zone as it is trendline support and a support channel formed over last year's June.
*Just an observation by a Student who is trying to learn and observe the markets*
Hi there, well done on sharing your first chart with the community. We hope you enjoyed the learning experience. Thanks for sharing with the community. From mod @zAngus
From mod @zAngus