Nifty likely to top out
It seems that the upside momentum in nifty has got exhausted and may see a correction up to 8600 price levels for short term, one can see that nifty is forming a rising wedge kind of pattern which is a bearish pattern, whereas price action in other emerging market indices also seems to be bearish and experience a correction.
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.