Boult2100
Short

Nifty - Are Bulls ready to be butchered?

NSE:NIFTY   Nifty 50
50 0 2
Nifty             stuck in downward channel . Took some Positional shorts at upper end with SL 8750             Spot. Let's see how it goes.

Various factors are pointing out an impending sell off in Global Equities. Dollar Index             reaching 100 (bad for emerging mkts), Fed rate hike in Dec             (Fed Futures probability 70%), US elections drama, continuous selling by FII's in India (in both Cash & Derivatives). With all this uncertainty coming, large investors are sitting on good profits likely to panic once important levels are broken. Watch out for S&P 500             2100-2120. It's a matter of who (which major Index breaks first) blinks first?
Trade active: Bingo! As anticipated, breakdown has started. Bulls beware.
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