heiken-ashi

After a massive rally of 899 points in two trading sessions, Nifty has been in overbought range for some time RSI (30 mins.) showing a little bit of tiredness already. CCI (30 mins.) has already give a reversal signal. Heikin Ashi candles have given a clear Sell Signals. One can go short keeping 11660 as a stop loss.

Use this strategy strictly in weekly time frame and take your position only when you get confirmation of sell signal. You can short 1500-1540 strike price calls also time is on our side as well. Thank you MALKAN SIR for this strategy

pSAR, MACD and Stoch indicating reversal and this can be a better opportunity to enter longs in Nifty. SL would be 9150 (spot rate).