After a massive rally of 899 points in two trading sessions,
Nifty has been in overbought range for some time
RSI (30 mins.) showing a little bit of tiredness already.
CCI (30 mins.) has already give a reversal signal.
Heikin Ashi candles have given a clear Sell Signals.
One can go short keeping 11660 as a stop loss.
NIFTY View in Heikin Ashi & Ichimoku perspective & different time frame.
All mentioned on Chart (time frame 4 hour)
NIFTY view as per Heikin Ashi, Ichimoku Combo. Time Frame: 1 hour
NIFTY view as per Heikin Ashi, Ichimoku Combo. Time Frame: 2 hour
Conclusion: Sell on rally, for...