indiamarketoutlook

Nifty: Chart set up and trading view

Short
NSE:NIFTY   Nifty 50 Index
Nifty
CMP 14616

Last time we had suggested a bounce back towards the upper end of the channel

- Current rally is an extension beyond the channel similar to what we saw at the lower end of the channel ( a kind of mirror image pattern)

At current levels it provides good Risk::Reward ratio to go short....