Nifty weekly

Look where are we standing on the NIFTY weekly chart. If you believe in trendlines right now it's time to be extremely cautious. On a daily time-frame this trendline is already broken and today was just a retest of this line. Now going ahead this can be a fake breakout or a downhill ride of course we have to wait for this week's closing.
The most important goal of trading is preserving your capital.