Nifty 50 Long term analysis - Weekly Timeframe

1. Trend still down in weekly.

2. Pull back going on -
17800 - 1st resistance.
18350 - Major resistance.

3. Buying profit levels - 17800, 18300.

4. Selling expected - 18350 zone leading to 16000 levels again. Watch price action to create new shorts around 18350.

5. Buy if gives weak pullback above 18350 - Trend will change to up in weekly time frame if sustains above 18350.