NIFTY "short term short" trade ..high potential setup

NSE:NIFTY   Nifty 50 Index
124 3
As we saw rate cut today of which their was (50:50) chances,
This short setup seems to be good in risk to reward ratio
Divergence in indicator
Sell the break out.
Trade active: strict stop loss above 8780
Trade closed manually: very strong range of support and resistance, will trade on breakout..
Comment: it seems the move is complete..the upside move might start soon..wait for confirmation.
Comment: no trade as of today..
will wait for NFP then on Monday will take decision to trade.
Tomorrow expectation 8696
yuvrajsingh7722 ASKSANTHOSHPM
yes if this setup holds..if in any case market gap up opens then this setup might not hold..i'll post the update if any changes.
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