This worked out well respecting almost all our levels on the chart.
A possible reversal seems close now from here but might show some consolidation at the start of it.
Anyway, for now 10000 seems a strong support and also the 10200 level has got too much concentration of PUTS and the MAX OPTION PAIN also still lies between 10250-10300 zone.
So that hints a reversal of sorts from 10052-10125 levels.
We'll see how things go and keep in check the global market scenario and any other fundamentals along with a word from our chart.
Also mentioning all the ideas of this trade below. Starting from the mention of the 10480 Resistance and how the DIIs capital pumping for no reason could cost dear to the investors who entered late with a smaller time frame.
#Nifty pushed by the DIIs - Resistance ahead at 10480.
.png' src='/static/images/svg/idea-image-placeholder.svg' alt='#Nifty pushed by the DIIs - Resistance ahead at 10480.' class="js-image-lazy-load">
DIIs Offloading - Sell on Rallies - BIG SHORT-2 #NIFTY
#Nifty might start positive but still a SELL ON RALLIES market
Further downfall in #NIFTY today, as expected. SELL ON RALLIES.
#NIFTY Short continues - Levels on the chart.
And I always like to end a trade with this quote.
Become more humble as the market goes your way. - Bernard Baruch