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Idea for shorting Nifty 18-1-2023

Short
Nifty 50 Index (NSE:NIFTY)  
ajimageconsultancy  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Rising Wedge Fibonacci Retracement
16
5
trendanalysis chartpattern risingwedge fibonacciretracement
There are some reasons for shorting Nifty,

Reasons :-
23.6% Fibonacci rejection level,
Rising Wedge,
Multiple time tested support zone,
Rejection zone,
There is a High Probability of breaking support.


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