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What is Happening In Nifty50, Weekly Overview. Week -4 Nov
Nifty 50 has shown some sharp fall from its uptrend in few previous days. It has made trader and investor think that what should they do next. However trader are adjusting well in this situation but investors are really worries about their money.
We will be discussing about this downfall today. See guys, these two yellow lines in the image. That ws the range which Nifty broke. Now the sellers have started their move. They are pretty heavy. We have compared them with previous fall or recession. This time they have more strength. Market has been going up from almost more than year. Everyone was waiting for the recession and here it is now. We have also marked a channel with two green lines. A breakdown came from it and then market is falling. Now the buyers came today, lets see the sellers reaction now.
We have to focus on buyers strength. Sellers have the stregnth as of now. We have to very catious about betting against sellers.