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Pondy_Traders

Nifty trade setup for Jan 5 - Intraday

Short
Nifty 50 Index (NSE:NIFTY)  
Pondy_Traders Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Double Top or Bottom NIFTY nifty50 niftytrend BANKNIFTY bankniftytrend niftyanalysis niftytradesetup intraday intradaytrade
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trendanalysis chartpattern doubletoporbottom nifty nifty50 niftytrend banknifty bankniftytrend niftyanalysis niftytradesetup intraday intradaytrade
Nifty has formed Double Bottom and broken the neckline. Looking for a good sell opportunity.

If Nifty retraces, then we can look for shorting opportunites near 18130-18180.

Entry: 18130-18150
SL: Any closing above 18200 in 15 min
Target: 17900

Keep an eye on Nifty 18200 PE for this expiry.

Trade closed: target reached:
Target has reached
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