rejection from new ATH
as we can see, despite the new ATH, NIFTY faced strong rejection which led to the fall over 1 percent in the single day. the zone as of now has been tested multiple times now making it weaker hence no matter what new low NIFTY makes, if any more tests are done the we may see new ATH another unidirectional rally so plan your trades accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.