NIFTY overview for near future

NSE_EOD:NIFTY   Nifty 50 Index
196 3 4

We are at 88% of Fibonacci level and at important junction where are are out of falling trend channel and retesting of lower band of channel is expected. If we come back in to the channel then also the trend remains the same and its down.

In falling markets shorting is good idea and in which we can get maximum points.
Our short trade is on, as yesterday price closed above the entry level and today reversed just below the supply zone above.
Day before yesterday price closed above mentioned resistance level and can move towards next resistance which is around 7340/60.

Our trading plan remains the same for this week.
Thank you for your view,
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