Your idea will fail if nifty remains above 13131 for this week, then it will try to touch/break new high.
yogi_sharma_elliottician
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@ckirtane yup that's why I mentioned be patient and trade between the levels.
ckirtane
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@yogi_sharma_elliottician, now correction is more likely in jan 4-8 week but still 13131 is not likely to be broken. last week of dec may show 14000 as MF wants to show higher NAV.coincidently expiry is also on 31dec20.next week strong support levels 11630/11560.