robus
Short

NIFTY50 : Short towards sub 9000 levels

NSE:NIFTY   Nifty 50 Index
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I believe we are in secular bull and extension of 5 of V of (5) would do around 12000 before any major trend change, yet I believe we are overbought on current levels and some profit booking is due which pull index in region of 9000-8900 levels close to 38% retrace. Yesterday , Global Index got slaughtered , expect nifty             to open weak.

Trade your own strategy.
Good Luck.
Comment: Wait for bear flag after TL break and Re-short. Daily and Weekly structures both points towards massive consolidation. good luck
Nice one :)
+1 Reply
robus InsiderB
@InsiderB, This broke TL.
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