Nifty50 - Overall Still Bearish - Sell On Rise CandidateNSE:NIFTY is still a sell on rise candidate on DTF & WTF basis. Overall view still bearish as the index is still trading below 20/50/100 EMA
Any upside will be just a pullback retracement rally,. Potential bearish pole and flag patten in the making and such pattens do attract 38.2%, 50% and 61.8% levels which are depicted using Fibo levels. A 72.8% retracement is a possible stretch and remote possibility
T1 - 15989
T2 - 16180
T3 - 16450
Downside open to 15110 levels again
Interestingly
Short