On a weekly timeframe, Nifty has a flag pattern. Will it #respect the trendlines or breakdown further? On time will tell and also what course the war takes.
Nifty continues to rise despite the odds that are pretty evident all around the world due to the COVID-19 situation. Many businesses around the world are affected and will continue to be so. As per Fibonacci retracement we have are already up 38% from the recent bottom. Nifty also continues to rise in the upward wedge formation.
Nifty Jr has outsmarted Nifty 50 for quite some time now. This may well coincide with the theory that not all large cap stocks will perform at the same time. Nifty 50 has been mostly driven by a few countable stocks like Reliance, TCS, HDFC, etc. If you can spot such stocks you can also outperform Nifty 50. On the other hand Nifty Jr has cumulatively and steadily...
