Short @ 18350 Buy 18500 CE @ 125 (For hedging purpose) Stop loss @ 18500 Down side target @ 18100 & 17900
Note:- If the market close above 18500 then book your loss of 3500 ₹ per lot
Technical:- On the hourly chart, Index formed the W pattern and ABCD harmonic pattern. So according to this pattern, the maximum downside target is 17900.