Nifty : Sell MACD

NSE:NIFTY   Nifty 50 Index
Nifty is looking short as MACD has turned below zero line. Moving averages are above candlestick . Long term support line could be tested before the next upmove. 10900 & 11000 call can be sold keeping 10840 as stop loss for position. Target would be 10540- 10410-10340. 10700-10750 would be the resistance zone to create position. People may play for H&S and might get trapped in next selling. 10300 is unlikely to get breached in next few trading sessions.

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