Nifty has given a lower breakdown recently, as we suggested earlier that soon we will get an opportunity to short nifty for a profit of 800-100 points, which we got.
Next week, we are not much bullish on Nifty, downtrend will continue.
Traders can enter for a short position with a stop loss of 17380 (Nifty spot price) for a target up to 16800.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.