Short Nifty on pullbacks as no short covering or follow through buying seen in Nifty, on Analyzing the chart and option data of Nifty, it looking to go towards days low. Important support are placed at 11150 levels and breaching these levels more downside may be expected towards 11050 levels. Strong resistance can be seen at 11260 and 11320 levels.
Commentaire:
Any up move can be seen if Nifty crosses 11260 levels in Future price or Down side can be opened it Nifty sustain below 11200 levels in Future price levels. Take the trade accordingly. Nifty is range bound.
Transaction en cours:
You can book the Profits or otherwise can stay with the short trade with SL of 11200 in future.