NIFTY is finally showing weakness now and after being in UPTREND for so long, NIFTY can change its maintrend making it a downtrend, another confirmation being that it has formed more like HEAD AND SHOULDERS pattern and neckline being 17600-17580 in a bigger time frame, for quick scalpers one can short if last trading day's low is broken in NIFTY for the target till 17600 as 17600 will act as a strong support being a round level and the neckline for the pattern and as soon as the neckline is broken down we may expect a sharp fall of 1000 points in coming days
if 17600 is not broken below, only then we can see a reversal for its new high
if 17600 is not broken below, only then we can see a reversal for its new high