Short

My view on Nifty - Short Term until April 2019

By ABFX6

Updated

Looking to short at current levels.. .SL last High

Respecting Channel

Note

Brace - Any time now...
Strict Stop Loss

Trade active

Short open - SL as above.. i.e. Last high

Note

Nifty remained flat for this week.

The situation is like glass half full of water - you will call it half full or half empty?
While it failed to make a new high, on a weekly basis, the bias is neutral to positive.
Looking at Global Indices, things look OK for NIFTY for the moment.
However, looking at the daily chart, to make a new high, it will have to break last weeks top of 11760.

Note

Bearish formation on Daily candle.

ABFX6

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