I See Supply Area from here some correction is expected from now on Sell on Rise is suggested only Monthly options not Weekly Just a View Not a Reco,,, I may be wrong as well just for Precaution..
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Stradddle would be a good bet for Monthly Option for any query please ping me...
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Stoploss for Short side any single closings above 23450
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Please note this is Spot Chart not Futures...Now making Shorts would be Risk Reward Favorable just a view not a reco...
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Daily closing Basis Stoploss 23450 intraday it may cross so Suggested to make Straddle so we may not end up in Huge loss.. Max level of Nifty i see is 24800 to 25K if sustains above 23450 for 2 days ...
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As mentioned given fall from 23450 around levels.. keep trailing breaking 23200 Door opens for more down side.. for more levels please comment ....