NSE:NIFTY Nifty 50 Index
The Market has given us amazing short sell opportunity on the nifty. You can sell Nifty at 10880. Keep the stop loss11058. Target is 10333, 10000. As you can see its more than 1:3 risk reward. Rest of the explanation is given in the video.
You can sell Nifty between 10840 to 10880 Zone
Today after a gap down opening nifty traded in side ways zone but from the start itself Indian currency showed sign of weakness. Finally market gave away. Now USDINR Spot is at 69.87, depreciation of 42 Paisa. So pressure is on the down side for the nifty
10680 zone is a very critical zone for the Nifty. It will be interesting to see Nifty move for this level
Currency is showing strength. Bank nifty is showing signs of consolidation. NIfty is near support. We may see reaction in nifty too.
Nifty still moving in the Upward wedge shape consolidation. Today very interesting thing happened, USD/INR has regained its 30 paisa losses whereas nifty still holding its levels. It shows Something is about to happen in nifty in downwards sirestion