Nifty - Double Top Reversal

natarajanshankar Updated   
NSE:NIFTY   Nifty 50 Index
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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100 points profit...Keep trailing the SL......we have a support zone at 15650. Book partial profits and then wait for a bullish reversal signal
Trailing SL hit. Trade closed with 40 points profit

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