Nifty Target is 17,200 / The Market sentiment turned out to be Negative

Strong Negative bias                                                                                              05/01/2023

for couple of the weeks, The Nifty Has been hovering from 18000 = 18,300 when you notice here Market sentiment had changed drastically, almost the market participants lost their hope. as follows that, Each time the Nifty came off from the high point. it is a strong signal for trend reversal. 

Now, some sectors are getting weakness, so pay attention on the weaker sector to set up shorting trade plan. The media and Entertainment, Auto, Real estate and  Non banking financial stocks should be scanned to exploit the downtrend opportunity. 

Short Nifty at the current Level (18,042)  our first target is  17,550 and the second target is 17,200 . the Market sentiment is favorable to bearers and also many indicators shows the negative bias. the market could more volatile in the coming days even though the prices will stay at the lower point. do not panic to market volatile instead of take advantage when market come at higher point.