NIFTY can fall for next two days (till F & O expiry) . Best bet for shorting is above 11750 (if its a gap up opening) when it will surely reach an overbought region.This call is based on tentative Renko Supertrend sell signal (Not yet appeared, but a good chance of appearing tomorrow) as well as a tentative 'Overbought RSI' signal (Again not yet appeared, but very likely to happen tomorrow).
Its a very risky call & meant only for intraday or btst trader.
Trade active
Sold at 11730Trade active
Nifty dropped to 11691 level. (Gain of +40 points)Trade closed manually
Nifty dropped to 11650 level (Gain of +80 points). Closing trade due to expiry.Position can be carried for next month as well.
Note
Renko trend is still continuing. Within 2 days we may find a bottom and hence reversal of trend on the bullish side.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.