ssen

It is not a bear market yet

Long
NSE:NIFTY   Nifty 50 Index
Last two weeks have been extremely volatile for NSE:NIFTY , but the trend is still up even after shedding nearly 1500 points from the top.
Nifty is currently in a very strong accumulation zone 11090-11180 and also taking support from 100 EMA in weekly chart. The trendline marked in red in the chart is the last support.. if broken, a bearish trend can be confirmed for next few months.. But until then, traders as well as the investors should be looking for bullish opportunities.
All the best.
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