We have a bearish
Divergence on Stoch
on 1hr chart. Entered short on Nifty
at 8358 with SL above 8400 on 5/July/16 looking for a retracement upto .38% (8220). Also looking for a bullish Flag
pattern (Consolidation) before entering long.
Could also look for 50% retracement
with trailing SL to BE.