Nifty is showing the same pattern which it shown earlier. The nifty will fall till the level of 8415 in future and again raise with the target of 8799 in few weeks
Some times chart got noise due to major events,There is a major event Union budget is coming and I don't think nifty will correct before that.So if any body think nifty is over priced just put a stop loss and exit don't short up to the union budget . Pre-budget rally is always there and go with the direction of current.