Green trend lines
represent the slightly longer term trend while the red lines show the short term trend. MACD
negative divergence shows the down trend is running out of juice. Fibonacci trend (long term) had a slight 0% breach but bounced back. This has led me to believe NIFTY
will test the resistance and touch levels from 10380-10400 before coming back down. RSI
at 43 further indicates that the downtrend is juiced up and upward price action is coming.
NOT EXACTLY A SHORT
Next few days could end up being a very efficient long term buy zone.