subbulearnings

Short Nifty at CMP with Target 10550.

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NSE:NIFTY   Indeks Nifty 50
Nifty retraced to 78.1% of recent downtrend from 10929 to 10417 as shown above.
And at 78.1% retracement pulled back and ended lower than that.

In Addition to this Shooting star Formation confirms the Short term Downtrend.
Shooting Start is a bullish reversal pattern formed at a uptrend.

Immediate target placed around 10550 Level.
While resistance is 10830.

Short CMP
Target 10550
Stoploss 10830.

Look at the first 2 hours trade on nifty on 08-06-2018 before initiating trade .
Dagangan ditutup secara manual:
No significant followup sell-off after shooting star formation in daily chart.
Hence closed trade with minor loss.
Risk taking traders can hold. But exit when SL hits.
Penafian

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