Short

Updated

Nifty..laxman rekha

Nifty is at Laxman Rekha line. and looks weak
break below trendline triggers a medium term downmove
short on rise with17600 SL first trgt 17210

Note

first trgt achieved
next 16700 . short on rise if u get any

Note

couldnt cross 17600 and broken trendline with a gap. thats clear bearish. pullbacks to 17210 to 17360 is clear shorting opportunities. considering market sentiment pullbacks might be tough or very minimal

Note

what a fall 17330 zone.

Note

until the trendline is cross market will be weak

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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.