Price to be watched (10895 spot). if closed below could headed lower till 10425 in near term. As budget day would be very volatile day. Price sustaining (closing)below the trend line would be valid for short Nifty with Stop-loss(10950) ..
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Nifty Closed at 10893.65(spot). Need to closed below above level to support the view..(3rd feb) View negated above closing 10895 (spot)..
Cheers, Happy trading!!
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Price closed at 10912.24(spot).. 4th Feb. Still hovering near resistance. would see tomorrow's (5th Feb) closing.and go long.
View Negated as of now. EXITING NF Short position.