Nifty 50 Index - Probably need 4-8 weeks to consolidate

Nifty needs some time to digest the current upmove. It is pretty extended from the 21 EMA and the 50 EMA

See the video to understand why patience is your friend right. Staying light and not adding aggressively is the key. Wait for lower levels - 19400 or so

Short? No as we are very much still in a bull market! (remember - higher highs and higher lows)