Description
⋅ Nifty 1 hour, 4 hour indicators showing reversal signals.
Nifty daily in oversold mode.
Nifty 5 minutes important trendline & channel break.
Fib retracement 50% around 8490.
Thus, one can long nifty near 8450 SL 8440 Target 8490
Risk Reward: 1:4
In case nifty breaks below the SL of 8440,
sell nifty below 8440 with 8450 SL target of 8410.