it has broken rectangle but fresh shorting shd be avoided. wait for bounce near 1450 short with 1470 sl
we can clearly see nifty has struck in the broader range of 13 aug fall which started from 11145 nd ended at 10900 level hence forming a candlestick called marubozu. post that we saw an attempt to break that high by bulls but eventually it failed. it has been almost a month- nifty sustaining below 200 dma. one can short nifty by taking marubozu high as sl...