In my earlier idea though I mentioned both possible outcomes and potential targets, I personally am bearish in my view. One of the reasons is this steep rise.
yes. ur thinking is right. im also bearish on nifty. it seems to forming double top on weekly TF. i think it will go below 16000
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@xxxxxxcxc, Markets are unpredictable though. Will wait for Nifty to break down from the triangle as mentioned in my related idea " Will Nifty 50 Break.....". For more confirmation will want it to close below its 40 Week EMA. Once that is confirmed than looking back into history we can see that whenever Nifty breaks down form its 40 Week EMA it takes support on its 100 Week EMA.