My view on Nifty - Short Term until April 2019

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Looking to short at current levels.. .SL last High

Respecting Channel
Nota
Brace - Any time now...
Strict Stop Loss
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Dagangan aktif
Short open - SL as above.. i.e. Last high
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Nota
Nifty remained flat for this week.

The situation is like glass half full of water - you will call it half full or half empty?
While it failed to make a new high, on a weekly basis, the bias is neutral to positive.
Looking at Global Indices, things look OK for NIFTY for the moment.
However, looking at the daily chart, to make a new high, it will have to break last weeks top of 11760.

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Nota
Bearish formation on Daily candle.
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Trend Analysis

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