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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