Nifty

Current Trade: Long Nifty at 22400-22500 with stop loss of 22239 and target of 23139

Next Trade (2): Short Nifty at 23200-23500 with stop loss of 23679 and target of 21609

Comment:

Without a pump to the 23,000 level, The crash to 22,277 was not expected —closed longs and waiting on the sidelines to observe where the market wants to go - back to 23,000 or 21,600

If it goes to the 22,150 level, Chances of 21,600 increase, and short can be taken at the 22,150-22,200 level with a stop loss of 22,329

If it breaches 22,500 then long it in the pullback at 22,350 levels for a target of 23,139 and stoploss of 22239.