A clear indication of market falling

Nov 3, 2024

The market is making a clear head and shoulder pattern on Nifty 50. The market is likely to decline to 22,000 levels. The string selling from DII support this, buying a PE option for December is something I am looking at. The market might go a little high in the coming days but it will eventually fall to 22k in the coming 1 or 2 months. I expect it to reach the level by 15 December.

Nov 6, 2024

Note

If the market closes over 24475 then it might be a signal for a reversal. Keeping the trade till tomorrow, to see the market trend.