thechama3
Short

SHORT TERM || NIFTY || SELL ON RISE

NSE:NIFTY   Nifty 50 Index
One might want to sell Nifty on rise based on today's price movement with SL placed at 11740 and targets of 11630/11591. All levels are cash levels. A divergence is seen on the RSI and price action on the Bank Nifty also supports the move. Its a good idea to book profits on longs and wait on the sidelines.
Trade closed manually: Did not hit the SL nor did it hit the target. Exiting with Minor gains.

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