Nifty over All View in Coming Days
Nifty has crossed 3100 level in two consecutive day (19 & 22 Dec) but unable to close above that level and started coming down in last three consecutive days. Which is clearly suggesting that there is no steam left as of now for Bull in the market. In addition to this on weekly chart Nifty is now below last week’s low i.e. 2918 and it has formed long black candle which also suggest bear rally to continue in near term also. Last four days move has totally changed the trend of the market from Bullish to Bearish. I would like to go short rather than long here (Positional Long only above 3118) only hope for long is much awaited second stimulus package in coming days may boost sentiments.