Sell on rise will hold true if Nifty stays below 9648 levels on closing basis...
NIfty is at 61.8% level of the fall from 9710 levels to 9448.
& 9648 represents 76.4% retracement level
We look to sell Nifty if it is to get resistance in this zone of 9610-9648
Take care and safe trading...!!!
This is a 15 minute chart view
As per our trading plan short positions added near Nifty 76.4% Fib level
Nifty opened right at 76.4% Fibonacci level...gave ample time to take position.
Booking partial profits here
Take care & happy trading...!!!
its still early days... so trading cautiously and looking for small profits in between...
but if this zone holds as resistance then slowly and steadily nifty may fall back to 9480-9450 zone and if that is taken down then we will be looking for swift movement towards 9280 levels