pradeepvee

Short Nifty

Short
pradeepvee Updated   
NSE:NIFTY   Nifty 50 Index
extended target. On daily MACD cross over happening

RSI weak and may not comeback due week end nearing.

on 1 hr RSI over sold may come back only little if any upside.

Same trend may continue till Monday
Trade active:
Use Trailing Stop loss 17845 to be on safer side
Trade active:
keep tracking RSI and also trailing stop loss. some minor upward movement may happen sometimes.
Trade closed manually:
Close trade @17560-580 range or keep trailing stop loss 17660 till Monday. DMA 50 on daily charts should break on Monday for further extension of target till 17220-250 range.
Happy trading
Trade active:
target 17250 three days with trailing sl 17612
Trade active:
close at 17350 it will be thru today.
Trade closed: target reached:
close @17350 now downside left on day chart only. open trade for target of 17250 if tomorrow any down side.
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