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akshay1808

Sell Nifty (High Risk - High reward call) for F&O expiry.

Short
Nifty 50 Index (NSE:NIFTY)  
akshay1808 Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Harmonic Patterns NIFTY nifty50 renko SELL short Bearish Patterns shortsetup
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trendanalysis chartpattern harmonicpatterns nifty nifty50 renko sell short bearish shortsetup
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 11730
Trade 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.

snapshot
Comment:
Renko trend is still continuing. Within 2 days we may find a bottom and hence reversal of trend on the bullish side.
snapshot
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