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Jeevan_Shetty

Nifty (The Trendline Resistance)

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Nifty 50 Index (NSE:NIFTY)  
Jeevan_Shetty Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Wave Analysis NIFTY fakerally overvalued shortsetup recession
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5
trendanalysis chartpattern waveanalysis nifty fakerally overvalued shortsetup recession
The chart speaks for itself.

CMP - 12250.
Reversal around - 12400/12350.
Target - Minimum 1000 points (Not immediately but definitely)

Reasons:
- Nothing good fundamentally
- Global slowdown
- Too many overvalued companies

This is just my point of view. Please do your own research before initiating any trades.
Trade active:
Short entry at 12400
Trade closed: target reached:
11300
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