Nifty 50 IndexShort
Nifty - Double top
I can see that Nifty NIFTY has formed a nice Double top around 10900 levels with RSI divergence.
If it fails to cross this hurdle it may come back to 10420-10490 levels.
If it breaks 10900 and sustains above it on closing basis the trade is invalidated.
Good opportunity yo short here with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NIFTY has formed a nice Double top around 10900 levels with RSI divergence.If it fails to cross this hurdle it may come back to 10420-10490 levels.
If it breaks 10900 and sustains above it on closing basis the trade is invalidated.
Good opportunity yo short here with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Disclaimer
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