NIFTY closes at weekly high.... bullish sign. But VIX is still dropping indicating more complacency (nothing can go wrong...).
And weekly charts are not so bullish... expanding triangle is bearish
Monthly charts show markets poised at stiff resistance levels.... a valid breakout can see nifty testing 7000 levels.
And weekly charts are not so bullish... expanding triangle is bearish
Monthly charts show markets poised at stiff resistance levels.... a valid breakout can see nifty testing 7000 levels.
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