Critical view on Nifty !!!!Nifty is forming descending triangle pattern, so we will wait till nifty gives breakout from this pattern for going long
and will wait for breakdown below 16850 to go short as there is four bottoms. More probability is of breakdown amid conditions of war.
Short nifty below 16850.
I also have attached the image of yesterday's data how negative it was which does not support yesterday's intraday bounce,
and indicated for a bad news to come tomorrow and suggested a gap down.
