Nifty: Possible short set up on weekly for 8000/7750 below 8450
Updated
Nifty dropped sharply from supply zone. This is a possible short set up. One need to wait for convincing break of 8450 on weekly close.
Target of 8000 / 7750 may come.
One may infer it in other way round & may go long with SL of 8450 on weekly close basis. But this possibility seems to have less favorable as P/E is near 24.
Target of 8000 / 7750 may come.
One may infer it in other way round & may go long with SL of 8450 on weekly close basis. But this possibility seems to have less favorable as P/E is near 24.
Trade closed: target reached
T1 8000 achieved , T2 7700 is on the way ; probably after some pullback to 8280
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