diliplillaney

Short Nifty below 10400 for levels of 10250 in March series

Short
NSE:NIFTY   Nifty 50 Index
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1
Nifty failed to close above 100 DMA for 4th consecutive day and infact todays high has remained below 100 DMA of 10400-10410 range indicating further weakness which makes me think it is going to go down to 10250-10275 levels which is the 1 month low and 150 DMA which might provide the next support. Cover if Nifty crossess 10410.
Comment: Did not crack as expected. Reminds me of the quote "Good traders cut their position, great traders reverse"

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