31037 is the level. Sustaining below it will cause 300-400 -point downward movement, Short some quantity and wait for a retracement to short more if sustains below 31037.
Trade closed: stop reached:
SL hit in small quantity. I did not add more. Let see if we again get shorting opportunity below the same level.
Comment:
Again shorted future @30961
Comment:
Booking half @ 30760 and keeping trail SL of another half @30951
Trade closed: target reached:
Spot low made @ 30454 moved around 400 points. Booking rest quantity in futures @30500. SL hit one time but we entered again below the level therefore believing in your analysis will give you the reward.