Unlike Dow, Nifty is still looking strong. 18 month of bull rally. Need to close below 17000 for reversal. Negatives - Falling INR, rising crude (petrol & diesel prices), rising gas prices. Waiting for next month close for more clarity.
CMP 3041 ---first time trading below upper trend created from 23rd March 2020 ..failed to close gap area 3141-3161 ...5th June -10th June Trade created Island reversal
Close below 3000 will open gates upto 2700 ....stoploss 3161
11th June and 12th June - price movements have created Island reversal and if gap between 26938 and 26924 remains, then soon 1st target will be 24754 and next will be 23029 ...stoploss 26938