Nifty Bearish VIEW
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..
Nota
Stradddle would be a good bet for Monthly Option for any query please ping me...Nota
Stoploss for Short side any single closings above 23450Nota
Please note this is Spot Chart not Futures...Now making Shorts would be Risk Reward Favorable just a view not a reco...Nota
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 ...Nota
As mentioned given fall from 23450 around levels.. keep trailing breaking 23200 Door opens for more down side.. for more levels please comment ....
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