Nifty has dipped taking resistance at 14700 level. 5 and 13 EMA Negative croos over Price did a fake BO of 50 EMA after retracing 50% of the short term negative trend. if it breaks 14400 then 14250 / 14150 are good supports. ( Head and Shoulder Neck Line breakdown ) View : Short the bounce, if we get it... Else if it crosses 14700, it will become bullish ( chances seem less though ) Happy Trading.
Note : it is seen that Indices are rangebound and Mid term trend is sideways. Monthly options has a straddle at 14500 too confirming the sideways mid term view. High Volatality expected.