NIFTY BECAME BEARISH AFTER MONTHS OF BULLISHNESS

Nifty which was in bullish face from February 2016 ,given bearish signs in  last week of  September ,confirmed it last week.So people who already entered SHORT positions can hold it ,bit more time than usually do in a bullish market. Nifty can touch  8300 levels in November series.RSI stay near support levels gives bulls usually a chance to get out of there positions in coming week.So if you are looking for an entry in to this market .a level close to 20 DMA will be safe bet.
See chart of NIFTY Below