Nifty forming Island pattern between 9700-9800 levels and leaving gap between trading range earlier and after. This pattern considered as bearish. 8/10 times market repeals from it. Other thing is nifty is in trading in descending triangle zone. Its breakout expect downwards between 7-8 days.
Trade closed: target reached
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Target of 9100 at support achieved. After that market jumpedup little. Again short opportunity will come above 9300