Dow Jones trading at upper range of trendline currently and are resisting to cross from last 5 trading sessions, if it did not cross then you can take a short trade below the recent low with stop loss of current recent swing high.
Nifty 50 has format head and shoulders and turn on daily timeframe also retesting previous trend line on last trading day of first week of March if recent bottom of 17,300 is broken then we can see damage towards towards 17,000 and 16,500 in upcoming days.
Once investor should book profits on index and wait for the value buying at 12,500 to 13,500 feet price...
Nifty 50 is taking a support from a rising trendline and previous resistance around 17400.
Next week will be crucial to watch out whether the support remains strong and bull run continues or breaks down in medium term correction.
