NIFTY 50 - Preparing for the Next Fall? What is your opinion?

May 16, 2021

Is NIFTY preparing for the next FALL?

1. By seeing the past, chart seems traveling in a similar trend. So, is that preparing for next fall? Is that a correction or fall? The past chart history seems like giving the down signal. But, the coming days will soon tell us.
2. If its is a small correction/profit boking, and it may travel in the dotted line channel (Ref Chart)

Three Options:

1. One can book profits, sit on cash and watch.
or
2. One can Partially book profits and watch
or
3. One can still wait for the market action (depends on the risk appetite)

So, what is your bet on the 3 options. Please share your choice in the comment section.

Good Luck :)
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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