Nifty In Technical Charts: Stay The Course But Be Alert

A look at the weekly chart, and you will feel very confident about what the market is doing. However, if you switch to the daily chart, then you will be filled with some misgivings. This is a strange situation—how can the market show two different signals at the same time, you might ask? The weekly candle is a firm one, even for the Bank Nifty. Prudence tells us that we should be following the larger trend signals for the trend....