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Swarnendu_Mitra
Dec 9, 2020 11:26 AM

NIFTY Short

Nifty 50 IndexNSE

Description

Structure seems complete. Safe short is on confirmation of 5W down and then next bounce. But can short here with hedge. One/two minor highs might come..
If it works out, target is minimum 61.8% retracement of entire rally from March..

Comment

One more minor high possible..

Comment

Option 1: Will go directly at 13825-960 zone and top will be done.

Option 2: Will dip at 13650-600 zone, then 14000++

Option 3: Top done, confirmation is sustaining below 13570.

Comment

Option 1 Negated...
Now, Sustaining above 13780, dip done, going for 14K+ (Option 2)
Sustaining below 13570, top done (Option 3)

Primary count is option 2, but dip not done yet, another leg down coming at 13660-13590 Zone..

Comment

Another low below today's low will confirm top done. This isn't going to be easy if really C down starts from here. Will be lots of ups in between. Sell the rise and also keep booking profit
Comments
PRAMEENA
Thanks for updation
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