nifty - reversal?

kacharts Premium Updated   
NSE:NIFTY   Nifty 50 Index
2 back to back marubozu .
island reversal setup
very strong support zone at 11550-11560
if that goes, nifty should fill gap.
trading plan-
plan 1-
as we can see 11560-11550 zone is imp support, we can see a bounce . any bounce towards 11700 shall be used to short nifty sl 11725.
plan 2-
one can wait for nifty to come near 11560 and can go long with 11540 sl for a small bounce till 11600
higher chances r of a crack, maybe after a bounce
stay connected here, i will be posting live market update .

gave a good shorting opportunity
once 11550 breaks we will see fast down move
buy abive 11645 with 11610 loss
going to short nifty with 11650 sl
* there has been typing error in chart *10650
its 11650


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.