NIFTY SHORT FOR 16000 TARGETNIFTY Next week
Short Below 16960
Stoploss - 17210
Target - 16500 , 16400, 16300, 16200, 16000
16000
nifty 4 hours timeframe very unique patternnifty is going to touch 16000 in july series ,
take long postion at sl of 0.5%.
it's for an educational purpose only.
NIFTY might go above 16000- NIFTY saw some small corrections in last 2 weeks.
- It has formed Bullish Engulfing candlestick on weekly basis.
- It may cross resistance level of 16000 in about 2 weeks and then re-test those levels for sometime.
16000 Is Just A Metres AwayAs shown in the pic,
NIFTY clearly took support at the bottom trendline
Next Swing may be towards the upper trendline which coincides with the psychological resistance of 16000.
One may sell 16000 - 15500 Put with hedge
