I feel Nifty is in short term bearish mode. Below are the reason to believe so
1) On a daily Time frame it has formed a descending triangle followed up with breaking the 18256
2) On a monthly Time frame December Candle has already Formed a bearish Engulfing (loosing the entire Gains of November Month) ,has broken the November Low 18008
3) Strongly feel It will head towards 17250(Trendline on monthly Time frame between 02nd mar-20 to 01st jun-22)
keshevdugar
⋅
@Adityakona705, Strong feeling doesnt become true in stock market...and bearish engulfing is not complete
Adityakona705
⋅
@keshevdugar0210, Yes lets see where December month closing ends up. OI on the index has just started on negative side .Only Time will Tell
keshevdugar
⋅
@Adityakona705, This shows how immature and inexperienced u r in this market
Adityakona705
⋅
@keshevdugar0210, The language that you are using also shows how immature and Ill mannered You are. I thought it a good point to discuss and debate ,but kinda language you are using clearly shows ur upbringing . Period. Anyways its never late to realise ppl with attitude hence unfollow