Price are in a short term bear trend and are nearing towards the potential reversal zone which has supported the prices earlier. Now the CMP
is 891 and it is expected to reach 870 level to establish a double bottom
. Hence based on tommorow's opening price action, trade can be initiated either around 895-900 zone if it goes up or below 887 on succesfull breakdown signal.
Entry - 895-900 based on bear signal or below 887 breakdown.
SL - 907
T1 - 877
T2 - 870
Purely for study purpose.