indiamarketoutlook
Short

Nifty: Sell on rise...

NSE:NIFTY   Nifty 50 Index
Nifty
CMP 9606


Sell on rise will hold true if Nifty stays below 9648 levels on closing basis...


NIfty is at 61.8% Fibonacci retracement 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...!!!
Trade active
Trade active: Nifty
CMP 9596


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...!!!

Comments

Hi
What are the targets you are looking at ?
Reply
@hotpot64,

hi
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

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out