harsimran.ca.10
Short

Nifty 250 to 300 Points Fall Coming....!?

NSE:NIFTY   Nifty 50 Index
Nifty Price is trading at the APEX of the 'Diamond Top Pattern' or 'Symmetrical Triangle Pattern' on the verge of breakout. Breakout can come any side. But if we consider the Negative divergence in the CCI Indicator (20), then most likely the breakout should be on the downside. Confirmation will be an End of Day( EOD ) closing below 10745-10765 support zone .

Trade Setup

Cmp - 10795

Short Nifty Futures on any rise till 10860 Spot

Stoploss 10900 Spot

Target :- 10700 / 10610-630 / 10550
Trade active: Today Nifty Spot opened at 10808. Short was active at opening. After that made low of 10692.

So First Target of 10700 is done ✔️👍🏻
the pattern implication the range between the highest peak and lowestpeak will the range for the breakout on eitherside. one can go short and remain short for minimum 9850 andlower
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@Parasuram, yes brother I have target of 10200 and below... but considering huge buildup in 10700 and 10500 puts, its gonna be a tough task in Jan Series. Interim Budget on 1st Feb can be a major trigger of 10500 breakout.
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Parasuram harsimran.ca.10
@harsimran.ca.10, ok.. i agree with your time frame.. But in the next2-3days10629 will be taken out.. the diamond pattern high and lows range wa s 500 plus points.. once it breaks the low it travel another 500 points .. thats what i said
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