Nifty 50 analysis
It seems that Nifty 50 gonna slump soon after 18880-19000, after the downward channel breakout nifty in march Nifty 50 lifted up by 1200 points in just three months. Moreover, nifty is now creating an upward channel indicating a downward trend in upcoming couple of weeks. In addition, current level of nifty is profit booking level. the new levels for nifty after the breakout are 18400, 18200, 18000, and 17600. However, it will not happen in all of sudden but in few upcoming weeks or months. In my perspective, NIFTY current levels are great options for those who are looking for long term gains from short selling.
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