Nifty is in strong resistance zone

May 15, 2023

Nifty is in strong resistance zone and might be a reversal from this zone as Nifty has achieved 78.2% retracement from the bottom i.e. 16828 and also 5th wave is about to complete in this zone. Short Nifty positionally also for the mid term (approx. upto July) target 16400-15800.

for short term :- Short Nifty @ 18328-18486
SL 18588 (SL on 15 min. candle close)

Target 17709-17780

May 20, 2023

Note

Now, keep trailing SL 18245 (daily closing basis). If hit then we short Nifty again @ 18700-18800 zone

May 21, 2023

Note

Please correct Closing basis SL is 18350 not 18245

May 23, 2023

Note

if SL hit then reverse position for target 19400.

May 26, 2023

Note

Be in short position dnt cut shorts as today volume is very less. We can see huge selling in coming days upto 15900 with 2-3 months.