nifty view

NSE:NIFTY   Nifty 50 Index
nifty rallied 12300 level in january 2020,since forth time at up trendline,a reaction come nifty decline 11600 low,800 point or 8 point reaction which is natural reaction in bull market,a panic decline,all bought at panic day because panic day are for buying, this week nifty rallied towords old series of top at 12000 psychological level, top,but maintrend turned down because nifty come below 12 weels low first time from august 19 bottom and weekly close,also given weekly close below below jun 19 top 400 point ,which clearly showing main trend definetly turned down,now you have to look into a factor 2020 is going to follow bull market or not ? all depends upon nifty annual trend,how to judge it?,i am answering you,when nifty crossed above january rally 300 point or 3 point then nifty annual trend will turned up,other wise nifty will show down trend all the year,same rule is also for individual stocks,so until nifty crossed january rally sell on rally because maintrend turned down ,nifty main trend turned up when nifty close above any 4 weeks top,then you will go buy side,so sell on rally,get any rally,judge it buy daily chart,weekly chart ,any how nifty will come down side again,follow the main trend of the market,weekly chart is best for nifty trend indication,by daily chart you canot judge nifty main and major trend,so donot buck trend go with trend,do not trade with hope and fear,and guess work,donot listen any rumours of out side,nifty will reach this level that level etc,
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