In 1 hour chart of nifty, there is formation of evening star near to trendline support. Also there is bearish wedge pattern formation in 1 hour time frame which indicated possibility of trendline breakdown. Nifty can be shorted with SL of 17639 for the targets of 17000 (target 1) and 16700 (target 2).
NIFTY
NIFTY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.