ipuneet

Nifty Closed below 200 EMA.

Short
NSE:NIFTY   Nifty 50 Index
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.
Trade closed: target reached

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