akshay1808

One last fall in Nifty

Short
akshay1808 Pro+ Updated   
NSE:NIFTY   Nifty 50 Index
Its a cliche but falling in NSE:NIFTY is inevitable. Bearish divergence in Nifty is clearly seen that indicates a short term but a very steep fall in next week. Year end closing will be bad hurting Returns on Investment of lot of mutual funds.
Short in opening trade on monday above 9980 (or upto 9965) with a target of 9933 (t1), 9686 (t2), 9548 (t3).
A stop loss of 10100 is recommended.
Trade active: Sold Nifty April Futures at 10040 (Spot: 10003)
Comment: Nifty reversed its gear....its reaching towards stop loss of 10100.
Trade closed: stop reached: Stop loss triggered. Loss of 1%! :(
Comment: After SL triggered trend is still bearish in Nifty....more bearish divergence crest are forming...

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