Nifty 50 towards 7400??

As per nifty50 monthly chart nifty heading towards 7424??. 50day EMA in monthly chart is 7424.I feel crucial support is there only.also average true range for the month 471 points.already nifty down so far 192 points.I will expect 280 points more down within this month.I will expect nifty50 will be closed at around 8150 within this month.
So don't take any long positions for this nov 16 full month. So go short and take only put options.



Regards

Davincy

Nifty 50 towards 7400??