a clear major resistance has been formed around 4200 level resulting in a possible channel targeting 4000 support level. A breakdown of the trend line will certainly confirm the markdown. I have taken the chance and gone short from 4200 with SL @ 4213 targeting 4140 with 50% of lots and the rest will target 4110.
Comment:
It played very nice. first target has been reached and that closed 50% of the lots. rest is target 4000 level.
