As per my analysis, the nifty is in last upper leg. The max upper breakout is 16,150 level. I would add shorts at current market price 15,890 (spot) with a SL of 16,160 for target 15,550 and ultimate target 15,150
Note
I have a strong feeling that nifty will fall drastically this week itself. Let's seeNote
todays low 15644 as of now, if you took this trade than move your SL to your entry price i.e. 15,890 and wait patiently or book partial profits. Good luck.
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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.