First Yay!! We have made 350 point profit from short position 11,460 to 11,010, we opened short from previous idea published on July 14th.. Nifty has supported got supported 11,000 exactly from where I said in my last article, so what’s next get long on nifty, first target 11,182 second target 11,282.
Do your own research and if this matching with mine then you are ready to go!
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Nifty stop loss 10,900, the closing of nifty on a day has to be below 10,900 to trigger stop loss..
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Today has taken support from "support trend line since Feb'16" at 10,877 exactly from where our trendline was but if this support fail to hold the consequences are very bad and nifty will free fall..
"support trend line since Feb'16" was mentioned in previous idea published on july 14 "Negative Nifty outlook for coming sessions".