Bull phase is now over

Nifty 50 IndexNSE

Description

⋅ Aug 31, 2020 2:37 PM

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.