This is the idea in long term perspective. Nifty after touching red line around 17800 may be falling to test top line of long term channel pattern(in Green line) around 14300-14200. This is also a confluence point of short term trend lines in blue color. One can go long from there again.
Keep strict stop loss at 18000.
Keep strict stop loss at 18000.
Trade active:
Nifty opened above resistance line. Trade cautiously. Keep strictly stop loss. Unless it closes below 17800 don't short.
Trade active:
Nifty raising on strong bias. Those who have shorted nifty revise stop loss strictly to 17800.
Trade closed: stop reached