RakeshKohli-Elliotician

Nifty Bulls Beware!

Short
NSE:NIFTY   Nifty 50 Index
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Nifty has been making lower lows and lower highs since September'16.

The worrying point for bulls is that nearly every bounce has resulted in several "Island Reversal Patterns". These now have become very strong resistances!!

Lot of strength and time is needed now to overcome these!!