Nifty : 9700 is not far away

NSE:NIFTY   Nifty 50 Index

This is a continuation of our previous thread flag break down of Nifty . See chart for lastest trade setup.

Nifty heading downward to the bottom of rectangle as expected & a new trade setup is developing once it breakdown the rectangle and aim for 10k-9800-9700 as initial targets.

Trade plan : Once breakdown is confirmed - wait for retest of break out zone and set limit short order below the previous low and join with the impulse with minimum risk.


** Dont be aggressive to short ( Be aware of bear traps) and stay with strict money and risk management while trading.

Trade with care,
Trade active: awsome move .. 200+ points move in nifty and a perfect close at the EOD ... let bears rule for sometime :)
Trade active:
Trade active: Ichimoku signals bearish trend in 4 hr
- Thick bearish future cloud
-TK Cross
- Structure ( Rectangle break)
Trade active: For those who missed previous short setup, market may give another good risk reward opportunity
Comment: please read as 'top of U-MLH'
Trade active: Next target for bears 10040 .. and we are nearby :)
Trade active: Closed below 10k
Trade active:


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