PCR = 1.217 I feel that the Price might go to a Max of 8125 and then slide from there. Weekly chart looks like there is more down side that is expected The actual effects of BRexit will come into play once the Companies wake up and realize what is at stake TCS, TATA MOTORS, INFOSYS and other Major Corps will shake a bit causing Nifty to Fall.
** NOTE : This is what I think, I'm no Expert **
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Going Up.. I guess this is a BULL TRAP :) Will short @ 8140 - 8160 Levels
Trade active
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i got in short @ 8150 futures
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I'm still short in this trade.. PCR = 1.364 - ( Kinda shows that its in Overbought state ) The current level is also kinda at the upper level, any movement up by about 20-30 points could mean more upside to 8275 Levels...but i feel it will slide from here
Trade closed: stop reached
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I exit this trade. Going with a different Approach