Sunday, February 21, 2016

Bears waiting to tear NIFTY apart!

Long-term technical stand for Nifty-50 index - ©
CNX Nifty-50:

In the midst of central budgetary announcement, we are anticipating a strong Bear trend with strong bearish impulsive waves bringing the Nifty-50 index back to the popular 6,500 levels of the year 2013. The global investment scenario seems to support the statement very much. It would be a intelligent and cautious move to hedge the bearish short side stands as there could be a bullish correction happening in the short-term.

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