Nifty 50 IndexShort
Nifty - Double Top Reversal
Updated
Nifty wonderfully tested All time high twice at 15900 and formed a Double Top pattern. We can expect NIfty to touch 15500 in Early July expiries.
Hold your short positions until it breaks the Resistance zone at 15800 levels or execute fresh short near 15780 levels.
We need to stay caution as overall Market sentiment is bullish. We are trying to capture a small correction in downside.
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Disclaimer
Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Hold your short positions until it breaks the Resistance zone at 15800 levels or execute fresh short near 15780 levels.
We need to stay caution as overall Market sentiment is bullish. We are trying to capture a small correction in downside.
Kindly share your valuable feedback.
Disclaimer
Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Note
100 points profit...Keep trailing the SL......we have a support zone at 15650. Book partial profits and then wait for a bullish reversal signalNote
Trailing SL hit. Trade closed with 40 points profit
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