Markets are definitely under pressure and we are currently witnessing a strong breakdown . A strong follow through to the downside move has resulted in Bollinger Band widening suggesting more upside in store. Further the ADX and negative DI lines are also stretching upwards suggesting strong buying participation. Sell at current and on rally to 9980 for a intraday trade towards 9900-9875
Trade closed: target reached:
Remarkable short in Nifty targets met ....more selling could emerge if the markets move below 9850 only....
