Fall of the risen. Nifty at the verge of strong downfall.

ssikander08 Updated   
NSE:NIFTY   Nifty 50 Index
Well Nifty has approached a monthly trend-line resistance. Maybe it will consolidate here for sometimes and then it will start tumbling down. There has been a negative divergence too on daily as well as monthly chart for 3 consecutive peaks respectively. so just observe yourselves and take your trades very cautiously on long side as volume is also declining.
we can even see the dark cloud cover forming today near the last peak.
It may respect the current red trendline and take support there tomorrow. But if it breaks then 11,070 level can be the target after the retest.

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