nifty may bled for some time now
#NIFTY50 : HTF View : Seems like the move above 2021 high was a fake out for NIFTY50, and this seems like breaking back lower with momentum, 17500 - 17600 is next local support where we might see next bounce, breaking that below might lead NIFTY50 to 16450 - 16250 zone, This all states that next 2-4 weeks might go quite bearish for market. Hence I would be looking to book profits in my positions from Sept - Oct here. I will update if anything changes for me. Bearish Idea is invalid if Price pumps back above 18650 level. All suggestions and ideas are welcome.
On Telegram :
DM : @holdwithPriyank
DM : @holdwithPriyank
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.