FMSmo

Analysis on Nifty - Short

Short
NSE:NIFTY   Nifty 50 Index
After break out from 14900 level, the rally ends at 15900 with 1000pts move close to 6% not sufficient for impulse wave with the respect to previous leg of rally
who are holding short position should book at 15600 nifty will be in rangebound 15450-15800 in next week. from time cycle analysis after july5 break out or break down should happen most probably break down. enter below 15450 if retest happen Target will be 15100, 14900
swing traders can hold their shorts and book near 15250 sell on rise until 16200 taken out with volume

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