Short Nifty - Target ~15350 - (CMP 15650)
Nifty has been moving up on low volumes in a rising wedge. Volumes are now decreasing with an increase in index price and RSI is overbought. We can expect to see a reversal to approximately 15335 in the next 7 trading sessions. SGX Nifty Futures closed high at 15797 so there is definitely room to move up before the reversal.
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.