praveen.bhatiya

Nifty View as Dr Andrews Action/Reaction

NSE:NIFTY   Nifty 50 Index
Nifty has reached at interesting level as per Action/Reaction method taught by Andrews. A price reaction is expected at this level. Although the market seems to be in strong bull grip but I would be very cautious in taking fresh long trade now and start looking for shorting opportunities. RSI is also in extreme overbought zone confirming the view. Friend can watch the price behaviour at the level.