Nifty has reset in its falling mode,currently it is in down trend.
QUALITY STRATEGY FOR TRADERS
Technical Overview
Nifty is creating bearish engulfing candle
Short nifty at CMP 17050
TGT 16800-16650-16400
Stop Loss 17300
SHOULD YOU INVEST?
Enter gradually near 16500, raise exposure once it crosses resistance of 17700. Nifty may give some immidiate...
Bullish Scenario:
405 - 414 is a major support
400 has been a hot zone for buying
In anycase it should not go below 340
Investors can long with 375 SL and a 25% TP
