Nifty has arrived the resistance level of the descending channel. If tomorrow price gaps down and moves downward in first 15 min, a short position can be opened with SL above the swing high and a target of 11650.
If price gaps up and sustains over today's high, this trade plan will no more be valid.
If price gaps up and sustains over today's high, this trade plan will no more be valid.
Trade active:
price moving down slowly.. If gaps down below 11630, it can reach 11150 very fast. Keep stop loss above 11750 for till target (11630) achieved
Trade closed: stop reached:
SL @ 11755 hit