Nifty is in strong resistance zone and might be a reversal from this zone as Nifty has achieved 78.2% retracement from the bottom i.e. 16828 and also 5th wave is about to complete in this zone. Short Nifty positionally also for the mid term (approx. upto July) target 16400-15800.
for short term :- Short Nifty @ 18328-18486
SL 18588 (SL on 15 min. candle close)
Target 17709-17780
for short term :- Short Nifty @ 18328-18486
SL 18588 (SL on 15 min. candle close)
Target 17709-17780
Commento:
Now, keep trailing SL 18245 (daily closing basis). If hit then we short Nifty again @ 18700-18800 zone
Commento:
Please correct Closing basis SL is 18350 not 18245
Commento:
if SL hit then reverse position for target 19400.
Commento:
Be in short position dnt cut shorts as today volume is very less. We can see huge selling in coming days upto 15900 with 2-3 months.