Indice NIFTY 50
Short

Nifty could form an Open = High Daily Candle today

160
If Nifty forms an Open = High Daily candle today by EOD, i.e. a totally Bearish Red candle, this means the sentiment on Nifty is pretty clear for further downside to be taken on a Swing basis.

The criteria is that by 15:20 or so Nifty should be around 24,300 or below that level.

If that happens, a Swing / Positional short trade can be taken for November monthly Expiry for a Target to 23,550 zone.

Entry should be preferably made in the closing 5 minutes of the day subject to above conditions being fulfilled.

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