Nifty may have to see some correction before next up move

NSE:NIFTY   Nifty 50 Index
116 0
Nifty started a rally from 7900 and now 8744 done today.I would want to create a short position between 8755 and 8760 nifty spot.With an immediate target of 8690......8637...My stop would be at 8810 nifty spot.This position is against the trend.So stop loss is strict.All the position is on spot basis.

P.S. ------- This is not any recommendation to buy or sell. It is for educational purpose only. Money market is risky. Talk to your financial adviser before any investment decision.

Wish you all a very happy and profitable trading. Thanks !!!!

Trade active: @8755
Comment: spot at 8720......35 points down.
Trade closed: stop reached
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