Nifty has been trading exactly on the falling wedge resistance since starting of the week, and today according to my previous analysis it has not been able to make breakout and further slid towards the target. Nifty tomorrow seems to finish weekend with red. It is advisable as Nifty has been trading on edge of resistance and any time breakout may occur so wait patiently and watch breakout, if occurs then go long if not short entry is continued. Nifty breakout level is 8005.
Order cancelled:
Nifty breakout occurred close short position.