We have seen the being tested at all critical levels such as 7600, 9000, 10800 , 11600. Now we need to watch out for the next BIG SHORT.
A horizontal time tested support line is being drawn which intersects the TL at 12300-12400.
This level of 12400 should be the positional target for nifty with a SL around 13300. Positions should be hedged.
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