NSE_EOD:NIFTY   Index of the 50 listed India companies
196 3 4
snapshot

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.
Thank you for your view,
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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.
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Our short trade is on, as yesterday price closed above the entry level and today reversed just below the supply zone above.
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