Nifty - a sharp correction can be expected in next few months

View on Nifty is explained in the chart.

Note

Although all technicals are suggesting a bearish view on Nifty, the anticipation of some good news from budget 2020 is not letting it go down. There might be an emotional breakout on the upside before the budget is announced and trap all the super optimistic retail traders on the long side.

Note

As you can see, anticipating today's crash fall was no rocket science. All it takes to be a successful trader is the patience and discipline to wait for the right opportunity and capitalize on it.

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