kacharts

nifty - reversal?

Short
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 .

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