Preferring shorts as if now in Nifty Days highwill be catastrophic stop. For Short
Below 1260 Target 11974 Stop days high Low probability trade
Taking beraish view with high as stop Taking it as hedge trade
Yesterday's selloff zone testing for supply
target around 11445 stop :11380 below
good Location to short the index seen good quality of selling in distribution zone
will be a non-trending day for index this weekly expiry no much activity at supply zone forming an apex
Nifty Making HH & HL continuously showing strength Now we are at Distribution zone where selling was emerging since 22 July . after that we see a slight retracment towards 10890 levels now again we are at top of that distribution zone yesterday was a gap up which didn't hold -----its weakness as we were in distribution zone will think of shorts only...
If nifty 50 opened below 11240 will look to short the index still i am bearish MY 1st tgt will be 10860
expecting a change in behaviour in nifty50 index expecting bears entering the stream next week expecting lows Note: for my study purpose
downside : 20300 upside : 20800
i mostly prefer to be short rather then buy
336 if broken can go to 325 if 325 broken can go to 314
taking bear call spread 10050 ce short 10100 ce buy
20590-30 another level to watch expecting downside week rally to up can be used to short the index yesterdays fall was with good momentum week rally seen with compression to upside