By Subash Gangadharan On the daily chart, we observe that the NSE Nifty 50 index has bounced back smartly on Tuesday after respecting the recent lows of 17166. In the process, the Nifty 50 has also closed above the 20 day SMA and the recent swing high of 17727, which is a sign of strength. The Nifty is now likely to attempt to take out the downward sloping trend line that has held down the highs of 2021 and 2022. A breakout above this trend line would confirm that the bulls are in control and lead to a continuation of the …
