Short around 17750-17800. May touch 14300-14200 in next 3 months. Keep strict stoploss at 18000.
This is the idea in long term perspective. Nifty after touching red line around 17800 may be falling to test top line of long term channel pattern(in Green line) around 14300-14200. This is also a confluence point of short term trend lines in blue color. One can go long from there again. Keep strict stop loss at 18000.
May be getting Ready to move up to touch the channel top if index support. May touch 713 - 715. Keep Stop loss at 640.
Britania is forming 5th line of Elliot Wave. Can be bought for targets of 4100 and 4350. First support honored at 3820. Stop loss at 3780.
Triangle Breakout Possible above 783-785 on closing basis. IDEA supported by MACD and RSI(60). Target 850 to 930. Strict stoploss 720.