Seems like Nifty's about to form a double bottom

NSE:NIFTY   Nifty 50 Index
89 0
Nifty would open with a negative bias. On charts it looks like Nifty's going to form a double bottom before moving up. So we can ride that selling rally for the target of around 9020. The level for accumulation is 9020 and also if Nifty closes the day above 9120 then we can long too. Range for Nifty is 9020-9120, breaking which Nifty will give a breakout in the respective side.

Short below - 9087
SL- 9099
TGT - 9050/9020
Trade closed: target reached: Time to long with SL of 9015

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