Nifty broke all important levels, closed below 200 EMA today.
Today's low is in a important zone, 11614 was the previous low (Feb 3), if that is taken too 11512is the next support. One can hold shorts till 10800 is not exceeded by the Nifty.
Look at global markets and OI of Nifty and Bank Nifty futures, as that will provide the important cue when there is a short covering bounce or reversal.
Today's low is in a important zone, 11614 was the previous low (Feb 3), if that is taken too 11512is the next support. One can hold shorts till 10800 is not exceeded by the Nifty.
Look at global markets and OI of Nifty and Bank Nifty futures, as that will provide the important cue when there is a short covering bounce or reversal.
Trade closed: target reached