Nifty Analysis for 17th May

NSE:NIFTY   Nifty 50 Index
The S&P 500 has shown a decent recovery in the last couple of days. ( Inflation woes being resolved?)
The NIFTY is trading very close to its long term Weekly Trendline. Depending on global cues, will consolidate a bit and then make a good move on the upside.

*I reserve the right to be wrong.
For educational purposes only.