nifty may bled for some time now

2022年12月16日

#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.