As we can see on the daily chart of NIFTY 50, we have been in a sell on rise market. We have approached a very important trendline resistance coming from the highs of 18600. The market can test the lows of 16800 once more. As per rules of technicals, we never buy the first pullback. For the market to be bullish again, it should make a double bottom at 16500 around...
