Nifty Analysis | DEC 2020 | BIG SHORT on the cards

Nifty is about to take a down turn. It might go up further a bit before nose diving for the trend line retest.
We have seen the trend line being tested at all critical levels such as 7600, 9000, 10800 , 11600. Now we need to watch out for the next BIG SHORT.

A horizontal time tested support line is being drawn which intersects the TL at 12300-12400.

This level of 12400 should be the positional target for nifty with a SL around 13300. Positions should be hedged.