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yuvrajsingh7722
Oct 4, 2016 1:10 PM

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

Nifty 50 IndexNSE

Description

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.
Comments
ASKSANTHOSHPM
Fine
ASKSANTHOSHPM
Tomorrow expectation 8696
yuvrajsingh7722
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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