thechama3

SHORT TERM || NIFTY || SELL ON RISE

Short
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.