We have come all the way on the Nifty since:-
Nifty would be ready for the plunge in a short while and one can easily go short upon it (and one must) for targets much much lower than where we stand right now.
We'll do a 5500 first,
a 5100 odd next,
and if this really pans out to be a topping out process like i think it is,
then chances are we might breach below 5000 levels too.
Try the short side by means of writing calls (may 6000ce @ 132, jun 6000ce @ 180) or buying puts alternately.
But under no circumstances, should you be a "long" (buy & hold/buy for a short term/buy for a long term) right now.
Charts clear, "Sell"
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