Short @ 18350
Buy 18500 CE @ 125 (For hedging purpose)
Stop loss @ 18500
Down side target @ 18100 & 17900
Note:- If the market close above 18500 then book your loss of 3500 ₹ per lot
Technical:-
On the hourly chart, Index formed the W pattern and ABCD harmonic pattern. So according to this
pattern, the maximum downside target is 17900.