Mighty Nifty - An analysis!

NSE:NIFTY   Nifty 50 Index
581 0
Nifty made new high today and fall for more than 50 points from there when closing. Lot of people panicked, thinking correction has started. Price action is at the support of upper trend line and correction has not started yet. Correction wil start once this upper trend line becomes the resistance for the price action.
Comment: Trend line support!!!
Comment: All time high!!!
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