sanket.ambarkar

Nifty sideways to short to long

NSE:NIFTY   Nifty 50
Reason : Upside fuel has exhausted. Thus, small correction upto 7,400 then long move will be initiated as its 38.2 FIB support level . Long position will be holding till 8,500.

Timeframe : Whole process is of 2-3 months. First sideways then shorts position and at last long position.
Comment: Nifty to go further high upto 8,050-8,100. Where it exhaust three way move started from 7,550. Will look for shorting opportunity there.
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