Fin Nifty is Bearish - Can hit 22680 in coming days! 1:3.5 RR
Why Short Fin Nifty:
Current Market Price: 23879
Fin Nifty has completed its 1-2-3-4-5 subwaves and rejected the 261.8% level (24,027) yesterday. Risky players can short at current price but it has strong support at 23,750.
Once this level breaks, the price structure will change, giving us double confirmation as Ichimoku will break both the TS and KS by that time. So this entry will be safer but SL will be little big.
Stop Loss: 24,056
Target: 22,680
Risk-to-Reward Ratio: 1:3.5
Note: We always prefer futures or option selling with an edge to avoid overnight risks.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Current Market Price: 23879
Fin Nifty has completed its 1-2-3-4-5 subwaves and rejected the 261.8% level (24,027) yesterday. Risky players can short at current price but it has strong support at 23,750.
Once this level breaks, the price structure will change, giving us double confirmation as Ichimoku will break both the TS and KS by that time. So this entry will be safer but SL will be little big.
Stop Loss: 24,056
Target: 22,680
Risk-to-Reward Ratio: 1:3.5
Note: We always prefer futures or option selling with an edge to avoid overnight risks.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Trade closed: target reached
6.7% Correction - 1500+ points Fall in Fin Nifty. 
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