Nifty 50 Long term analysis - Weekly Timeframe
1. Trend still down in weekly.
2. Pull back going on -
17800 - 1st resistance.
18350 - Major resistance.
3. Buying profit levels - 17800, 18300.
4. Selling expected - 18350 zone leading to 16000 levels again. Watch price action to create new shorts around 18350.
5. Buy if gives weak pullback above 18350 - Trend will change to up in weekly time frame if sustains above 18350.
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