Short Nifty - Target ~15350 - (CMP 15650)

6 Haz 2021

Nifty has been moving up on low volumes in a rising wedge. Volumes are now decreasing with an increase in index price and RSI is overbought. We can expect to see a reversal to approximately 15335 in the next 7 trading sessions. SGX Nifty Futures closed high at 15797 so there is definitely room to move up before the reversal.