Nifty - Sell The Wedge -Below 15820 Target-15700

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

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

Comment:

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