Hi
In this article I will discuss how classic market tops develop and in this background I will try to analyze whether our market meets the conditions necessary for it to be declared at its top.
Acceleration
As we can see that market was behaving nicely in the primary channel (white). Suddenly it changed its behavior and started to accelerate in a new channel...
Nifty is back in the previous channel and is standing at a trendline support. If nifty closes below 11570 then it may come down to the levels of 11250. Is this a long term top? only time will tell
