Nrupen
Short

Looks like Triangle has broken with shift in price volatility

NSE:NIFTY   Nifty 50 Index
Nifty             confirmed triangle break with first 15 minute of opening. I think short can be initiated for minimum downside of 8385. Prices are currently retracing to broken line take entry at the end of retrace.
Comment: Downward momentum started
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Comment: Intra day traders can exit positions if they want to, positional traders can hold their positions with trailing SL
Comment:
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Comment: I think prices should halt at 8353 for some time now, waiting for price to complete its first cycle so that we can add Fibonacci Arcs to them
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Gud observation
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Major trend is positive, so I suppose one should wait to reach 8385 and then go long in next series and weekly risk open
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Nrupen rohitladdha
@rohitladdha, From 12th Of Jan Nifty is range bound between 8385 and 8445. Its not yet positive or negative. I am on bearish position since risk on this trade is less and I only prefer taking low risk trades.
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