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Somanathrout

short nifty on rise

Short
Nifty 50 Index (NSE:NIFTY)  
Somanathrout Updated   
NSE:NIFTY   Nifty 50 Index
Harmonic Patterns Trend Analysis Wave Analysis
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harmonicpatterns trendanalysis waveanalysis
mifty bullish trend might be going to end and reverse.
Comment:
nifty given a breakout and closed above its resistance today.
present scenario is we should look to 11735.

since this is a weekly chart we have to see how the weekly candle is forming this week.
long side stoploss should be below trendline which is 11323.

happy trading.
Comment:
beware of nifty at 11767 next week
Comment:
as expected nifty shown resistance at 10790.

now nifty likely to move to 10806. Stay alert.
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