Nifty - Sell The Wedge -Below 15820 Target-15700

Jul 5, 2021

Short Term View -Sell Nifty Below 15820 strictly target 15700 Not valid above 15820. Updated in the status. Thanks

Jul 5, 2021

Trade closed manually

13:54 Hrs / 5th July2021

Last @ 15824

Nifty dropped sharply to lows @ 15803 & bounced back above 15820 - Intraday 15820 is key level for the day.

Index trading in the zone 15820 -15830 is no trading zone.

Negative bias for the day is valid only if Index falls below 15820 else this idea becomes invalidated.

Manage the risk while trading. Thanks

Jul 5, 2021

Note

14:35 Hrs / 5th July2021

Last @ 15822

Additional comment

Traders be careful - do not sell our key level dropped to 15800 from 15820 as Nifty can extend upside to 15850/15875 if fails to drop below 15800 next