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Chaser30

Critical view on Nifty !!!!

Short
Nifty 50 Index (NSE:NIFTY)  
Chaser30 Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Technical Indicators Chart Patterns NIFTY Descending Triangle inttraday breakdown Contains image
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trendanalysis indicator chartpattern nifty descendingtriangle inttraday breakdown containsimage
Nifty is forming descending triangle pattern, so we will wait till nifty gives breakout from this pattern for going long
and will wait for breakdown below 16850 to go short as there is four bottoms. More probability is of breakdown amid conditions of war.
Short nifty below 16850.
I also have attached the image of yesterday's data how negative it was which does not support yesterday's intraday bounce,
and indicated for a bad news to come tomorrow and suggested a gap down.
Comment:
Yesterday we saw nifty fell 100 points at end, and there was a bounce in call writers position with a fall in difference and pcr at closing which indicated a gap down .

Data is powerful tool.💪💪
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