Sanjan91

SHORT NIFTY

Short
Sanjan91 Updated   
NSE:NIFTY   Nifty 50 Index
NIFTY got rejected from the new high and broken uptrend line. If NIfty manages to come out of the consolidation on the downside then short Nifty .

Short only on confirmation below 16495 and book profits in the demand zone . Place stop loss at 16600.
Trade closed: target reached: Target reached, you couldn't have done much today due to the gap down. But the levels are still valid. The consolidation zone has now become a supply zone.

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