FIN NIFTY can start trend reversal very soon @ next selling zone

Apr 14, 2023

CNXFINANCE FIN NIFTY is fast approaching the major selling zone marked in red color with 2 minor support areas marked in blue,
if we get a negative daily closing @ the selling zone then only we can start planning for short positions for holding,

if fin nifty breaks the first support, then we can wait to see bounce back from seconf support zone and enter in short position at the retest of first support zone from below ,now that support should act as resistance area, if fin again sustains above the support then avoid short till it comes below support again.

once we break second support also, then we can expect to see our first target quickly.

Apr 17, 2023

Trade closed: target reached

sexy 300 point drop from resistance to support and then bounced back, cheers!!