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  TECHNICAL ANALYSIS OF   NIFTY 50 INDEX : MONTHLY CHART: Here, we have monthly chart of The Nifty 50 Index. It's a plain price chart without any indicator or tool. Firstly, we can see the market is in a bull phase on a longer term time frame( monthly chart) How we can say that ? We can say that by seeing the price structure of the market. The Nifty 50 Index is making Higher Top- Higher Bottom structure which is an symbol of Bull-Market. Having this signal on monthly Time frame shows that the long term trend or primary trend of the market is BULLISH . We can see a series of Higher bottom in the above chart, each building above the previous one. It clearly suggest the powers of bull as no previous bottom has been breached yet. In today's scenario, we have written maybe a higher bottom as the month hasn't over yet. It's just an assumption that it will over making a higher bottom. So, by this view we can conclude that there is no damage to long term trend. Now, let's h...