Nifty Selling Climax shakeout proved.

NSE:NIFTY   Nifty 50 Index
Nifty 16568 - We mentioned in our Aug 17 posting that this breakout could be more possible of selling climax shakeout based on VSA analysis. It has been proved.

Aug 17- Nifty 16614 has closed above the resistance zone 16610. As volume was ultra and the breakout was during the last hour of trade, this could be more possible of a Selling Climax shakeout.

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