Here is the Monthly chart of NIFTY. Does not it look dangerous at the moment?.
The T line mentioned in the Market Status, is the same as the one shown here, red colored.
For me, I would say market is bullish only after a convincing breakout above the red trend line.
So… These are the lines which separate the bullishness and bearishness.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
