Nifty 100- Why You Should Be Careful@9188

NSE:CNX100   NIFTY 100
159 5
The index had a double top in the zone 9100-9200 zone- Likely looking to correct as momentum indicators aren't supporting the current leg, which started in Feb-March 2016 from the lows@6924- hence it is very likely that Index could correct & it is standing on our doors.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
The same case for NIFTY also,because B WAVE is not taken by FII's
at the moment and from Short term point of view, downmove is weak and most likely we revisit 8900 before anything else.
Could be possible but we need to be careful.
I was waiting for your analysis on monthly Nifty chart. Thanks .
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