NIFTY WEEK
NIFTY DAY LINE CHART
- NIFTY WEEK selling stopped at 5160 and went up to 5304 closed above 5300.
- NIFTY has broken the weekly trend line last week. So it should come down to the channel bottom. Before going to the bottom line nifty may retest the trend line or channel top. In that case we will see 5400 and higher. But since there is a trend line break chances of nifty coming down to the channel bottom is higher so keep stop loss at 5200.
- The upturn in nifty daily chart is still intact.
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