As we can see NIFTY has formed signs of indecisiveness in bigger time frame as we had been waiting for weekly candle close in the structure making it look weak. Now our view just shifts from buying on dips to selling on rise till it closes above the previous high and hence keeping small stop losses we can make new fresh selling positions here for bigger targets so plan your trades accordingly and keep watching everyone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.