Praveen
Short

Nifty falling below 6 months trendline on weekly chart

NSE:NIFTY   Index of the 50 listed India companies
130 1 1
Nifty             has been trading in the upward sloping channel for the past 6 months. However, it seems to be slipping below the lower range on the weekly chart today.
If Nifty             closes below 8720 today, Short Nifty             with Stop Loss of 8750             for flexible lower targets of 8580.
As expected, Nifty fell below 8720. Had we went short at 8720, a 150 point fall could have given good money...
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