Nifty out of Bull run

NSE:NIFTY   Nifty 50 Index
Nifty unable to cross 10800
next major support around 8700
but why u marked it for LONG then
abu_huraira ravi_kumar
@ravi_kumar, because nifty will be down for a longer period of time.
ravi_kumar abu_huraira
@abu2602, I mean LONG mean buy..
so if it is buy or sell??
abu_huraira ravi_kumar
@ravi_kumar, sell only :)
ravi_kumar abu_huraira
@abu_huraira, I did same analysis last month and went short only to suffer loss
No one knows when the trend will reverse but one thing is sure that it will
abu_huraira ravi_kumar
@ravi_kumar, its actually not easy to understand market on short term, but i will say you will see nifty below 8000 in coming months.
nice review
I am agree with u.
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