NIFTY - Trending Another Dip
It has been observed that the price action created a double top at 10880-90 zone and then fall further and now facing resistance at 10850-60, indicating further weakness and trending down sequence.
T1- 10750
SL-10880
T1- 10750
SL-10880
Trade active
Note
Incase we close above 10880 levels then it shall further hit the stops and reach higher high. Holding shorts as per the closing.Trade closed: stop reached
Market did create a new high and went higher above the resistance. Markets rallied but technicals and fundamentals not supporting much.
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