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Bull phase is now over

Nifty 50 Index (NSE:NIFTY)  
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NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators NIFTY nifty50 niftytrend niftyanalysis niftyoutlook niftyprediction niftyview niftyforecast nifty50pricetrendanalysis
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trendanalysis chartpattern indicator nifty nifty50 niftytrend niftyanalysis niftyoutlook niftyprediction niftyview niftyforecast nifty50pricetrendanalysis
Nifty has made huge engulfing candle. But, more importantly it has breached it's trend line.

But, don't short it as yet, it has taken support and the last resistance 11377. It has closed well above it. This may now act as support.

Related Ideas

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Nifty took support as expected yesterday
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Nifty is holding to it's support
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Nifty near support
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