Nifty facing hurdel around 100% retracement level its strong resistance. Suddenly a decline in the activities of FII and DII is visible. It seems everyone is confused. Everyone is confused about the rise that is happening here, is it an impulse rise or a corrective rise? Counting makes our work easier - view is clear.
The main reason is that in the past (2008 and covid 19), when the market had fallen after the ending diagonal it was very sharp which is called free fall but this time the matter has reversed.