Nifty - Good Bye 9K in 2016?

*Dumpling Top
*Trendline resistance
*Negative crossover on MACD

Blur chances of 9K in 2016.

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Bearish formation on weekly and now daily forming lower high & probable Bearish Belt Hold (today's candle).
*Cautious for bulls is last week low of 8,809.

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Correction: Low of 8555

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Bears rule....

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Bears are having great time....Bulls will be in action only above 8,700

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Expected ~8100 (200DMA) which is achieved..swings might continue and trend change level would be only above 8,700.

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Nifty retraces 50% of 6825-8968....

Wanna join Good Bye 9K in 2016 or still a hope ;)

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Bearish trend intact till 8335 is not crossed.