yuvrajsingh7722
Short

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

NSE:NIFTY   Nifty 50 Index
124 3 2
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
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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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