protrader1969

NIFTY for 18th February

NSE:NIFTY   Nifty 50 Index
For paucity of time, today I am posting this short piece. I hope few traders were able to make money on short that I marked yesterday since Nifty reversed from our Selling area in first 5-7 minutes without giving much time reflect. FIIs and DIIs were net sellers today though the volumes of sale were not great but it does tell you that larger trend is bearish . European markets and DOW futures are trading almost flat at this moment. Marketmen are nervous. Option chain shows support at 12000 and dependable resistances at 12100 and 12150 both. Exact buying and selling levels are shown on 15 min chart. The selling area is same as marked for today.
All the best. Happy trading.

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