Nifty traded in a downward slopping channel today. And reached near the support. If nifty opens flat or slightly gap up and breaks the channel upside then go long - if it crosses 15850 then it can retest recent high.
If nifty opens gap down wait for price action and go short if it crosses 15775 with half qty only
If nifty opens gap down wait for price action and go short if it crosses 15775 with half qty only