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The scrip has broken down at its support zone. One can go short with stop-loss of 289.

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The Nifty is trading at the bottom of the uptrending channel that started in Feb 2014. Also, it is near to the 50EMA line. Given that the long term and medium term trend is still up and short term is down, if at all the reversal has to happen, it could be at this point. Stop-loss can be kept at 8170.

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Nifty is now trading at the bottom of the uptrending channel. It is also at the 50DMA. If at all the short-term reversal has to happen, it is at this point.