Market Status Continues to be bearish…
The points to be noted:
NIFTY Broke down below the Trend Line “R”, took support at “ B”, Bulled back towards “R” and this week, it failed to pierce through “R” upwards.
So, unless it closes above “R”, NIFTY will continue to be bearish. It is more than likely that it might fall more fiercely from this week onwards, towards 5000 region.
