Short Nifty50 reveral

NIFTY
Well the Trend is positive in Nifty 50 and other indices but a possibility of short reversal and pause cannot be ignore so,
A short trade below 19225 can be initiated if market cross this level with time for holding around 3-7 weeks with tight stop loss above 19380 above,
Stop loss is very necessary as the market is in uptrend but as the opportunity seems good and favorable risk to reward of 1:2.5 or 3 with a target of 18800 .
these are spot level one have to adjust for future and option

Happy Trading
Cheers

Pesanan dibatalkan:

Nifty doe snot even come Previous week low level the short study is negate itself fresh short cannot be initiated till further sign of potential reversal .
till then Happy trading
cheers