NSE:NIFTY 50 No More Bulls

NIFTY
As per NIFTY50 Weekly chart its seems bullish trend is at end and we may see bears will be taking over from here.
CMP 12214.55

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Was share this study on 25th of December When its around 12300 and every one is telling that we can see much higher values. Well it did actually show higher price from there but those are just because of supply where big guys are only selling on higher levels. But see what happened now in just last two weeks price is now at 11661 that's almost 700 points in just a 4 weeks. My Next target base on this weekly analysis is 11040.
Let's see how it goes though.