NSE: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
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Sold at 11730
Trade active
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Nifty dropped to 11691 level. (Gain of +40 points)
Trade closed manually
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Nifty dropped to 11650 level (Gain of +80 points). Closing trade due to expiry. Position can be carried for next month as well.
Comment
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Renko trend is still continuing. Within 2 days we may find a bottom and hence reversal of trend on the bullish side.