Clear weakness on Nifty

Nifty is extremely weak and a clear rejection has shown up.
I have taken short position on Nifty for this week's expiry.
My forecast is that Nifty should reach Previous Week's Low.
24800 PE - BUY
24000 PE - SELL (As a Hedge)

Nifty also has the strong possibility of testing 24,000 level by the end of the Oct series with some minor bounce expected around 100 DEMA.