Seems Nifty will hit another low within 3-6 weeks, weekly chart present indicating upside limited to max 16400-16500 and low will be in the range of 14500. Moving average 20 and 50 on weekly charts also indicating cross over about to happen in coming weeks which will further confirm to the bearish mode.
Sell on rise should be strategy for coming weeks with target of 14500.
Sell on rise should be strategy for coming weeks with target of 14500.