Nifty Facing Strong Resistance Near ~ 18090, Spot Level. Weak RSI And Closes Below 50 ~ Day Exponential Moving Average ( EMA ). Short Near ~ 17920, 17940, With Stop ~ 18080, For Target ~ 17382, Expected Target Jan Expiry.
Trade active:
Short 1 ~ Lot Nifty Future Jan Expiry ~ 17975, Stop Loss And Target Spot Level Basis.
Comment:
Avoid Stop If Open Near ~ 18090, Trailing Stop Loss ~ 18155, Spot Basis.
Trade closed: stop reached
