Get started
psdogra7

Short Nifty

Short
Nifty 50 Index (NSE:NIFTY)  
psdogra7  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators shortposition NIFTY putoption
0
0
trendanalysis chartpattern indicator shortposition nifty putoption
Nifty has breached 16400 levels on 24 feb and closed below the level on daily chart. It was a critical support that has been breached.
It will re-test 16800 -16840 levels on Monday for another selling for Target 16200/16000.

If it breaches 16000 levels further selling would come till 15500 support level.

Buy Nifty PE for 10 march weekly expiry if it does not cross 16800-840 levels.

Don't short above 16800 levels. Apply Stoploss accordingly.
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.