Hello Traders, As you could see in the chart, price is reversing to fill the Fair Value Gap formed in Daily time frame. Price may touch and bounce back at 51750. In between, there could be a couple of retracements. Going short would be better near the 20 EMA (higher probability trade). More details given in the screenshot. Let's see what happens in the market...
Nifty seems to have formed a new higher low in the bearish trend. Price may move towards 20 EMA (Weekly time frame)