Nifty : Chart set up and short term view

NSE:NIFTY   Nifty 50 Index

View mentioned in chart

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Shorts trapped
@bharatrammbm, Looks that way.... Market is still looking bullish... Retail participants have gone Net short and FIIs have gone Net Long (although minutely)
+1 Reply
bharatrammbm indiamarketoutlook
@indiamarketoutlook, Retail will be squeezed now

Nifty does have a target of 16227 but Volumes are very very thin. Best is not to over think it. That being said On any dips Nifty would look a better proposition to go Long
+1 Reply
bharatrammbm indiamarketoutlook
@indiamarketoutlook, Yes Nifty will go to 16200 on this monthly expiry.
look at the chart 15820 to 15850 is the resistance so 15820 to 15850 is selling point from there 100points correction possible sir may be
@salavudeen, 15680 / 15633 looks likely to provide support on the down side
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