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Nifty 50 Index

Not much upside steam left in Nifty

150
Nifty could see some correction if 25281 is breached on the downside. Only HDFC Bank can contribute some upside movement but it'll be better off taking long position on Bank Nifty rather than Nifty.
Note
Do not short Nifty yet. There is no upside steam. However, that doesn't mean Nifty is bearish. Unless 25,215 is breached strongly on the downside, there is no short opportunity on Nifty.
Trade responsibly.
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Chart PatternsTechnical IndicatorsTrend Analysis
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.