NIFTY NEEDS SOME HEALTHY CORRECTION

NIFTY looks bearish in short term :

* NIFTY forms Head & Shoulders Pattern and completed its breakout
* As per Fibonacci Levels may come down to 16650 levels
* Price breaches lower Bollinger band and may continue to go down as a band walk
* Price crosses below 20 & 50 DMAs and may take support in 100 DMA but will not sustain