NIFTY might see profit booking.

With current up move being strong, the chart patter is showing a strong possibility of profit booking in NIfty.
We might see a drop of 50-60 points from current level of 11910.

Be careful with longs. The medium term outlook is still long.

Comment:

11910 to 11870 - 40 points. Book partially and update Stop Loss on balance positions.

Trade active:

Current level at 11885 is good place to short NIFTY too.
Stop loss should be above 31 Oct High on spot price basis.

Trade closed manually:

Trade closed with trailing stop loss being reached.