Nifty faced a Lot of resistance to touch 9000 mark, and profit booking dragged nifty to settle in negative for consecutive days, a part from this today President Trump's address to Congress is the news in focus, While the is placed at 66 i.e., below over bought zone and it is showing some weakness and is coming down from over bought zone and the gone up to 157 and now placed at 80. So Nifty will now test the support levels at 8800. So one can initiate SHORT positions in NIFTY with a small stop loss at 8920 for a Target of 8800. NSE:NIFTY
The markets have been opened gaped up, so wait for the confirmation.