Indice NIFTY 50
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nifty - in a range

163
we can clearly see nifty has struck in the broader range of 13 aug fall which started from 11145 nd ended at 10900 level hence forming a candlestick called marubozu.
post that we saw an attempt to break that high by bulls but eventually it failed.
it has been almost a month- nifty sustaining below 200 dma.
one can short nifty by taking marubozu high as sl 11150
fall should pick up momentum once 10900 breaks
sell view negated above 11160
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10980 imp support
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