nifty took a breather today after IT index slided today..after a weeks consolidation from here nifty will start its next leg of rally and preferably will touch 18000 this expiry.
despite pulling back 5 times to 14873 levels nifty couldn't manage to cross that levels with good volumes and retraced back 500 points. now given the health crisis and weakness in charts nifty in short term unlikely to surpass 14680 levels and it gives a good short on rise opportunity. the targets on the downside is 13953 with 14680 as stop loss on closing basis.
