Major trend broken for NIFTY towards 8320

Daily closing below (0.382 retracement level)
the crucial support 8565
will take nifty to (0.618 level) 8320 within short span of time.
If Nifty takes support at 8565 level,
still it should sustain above 8720 to move further towards 9000+.
One may expect short term bounce back
as RSI is oversold as of now

So, every pullback is opportunity for SHORT, SHORT, SHORT!!!

Transakcja zamknięta: osiągnięto wyznaczony cel:

Its a bulls eye hit!
I expect the next phase of momentum to get initiated from 23rd November 2016 onwards.