Nifty (The Trendline Resistance)

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The chart speaks for itself.

CMP - 12250.
Reversal around - 12400/12350.
Target - Minimum 1000 points (Not immediately but definitely)

Reasons:
- Nothing good fundamentally
- Global slowdown
- Too many overvalued companies

This is just my point of view. Please do your own research before initiating any trades.
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Short entry at 12400
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11300
Chart PatternsfakerallyNIFTYovervaluedrecessionshortsetupTrend AnalysisWave Analysis

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