Nifty 50 instead blowing off 12031 levels decided to come back sharply. I traded short trade which is USP trade set up of my mentor. All credit goes to him. Trade was nearing 230 points.
I was discussing Case A : a bullish case when I was imagining a blow of 12031 levels before breaching a support. But for the time being it proved invalid.
Case B: would be more bearish medium term which, I will be following now.
Rest market is supreme lets see , what follow up we get in next few day...
I was discussing Case A : a bullish case when I was imagining a blow of 12031 levels before breaching a support. But for the time being it proved invalid.
Case B: would be more bearish medium term which, I will be following now.
Rest market is supreme lets see , what follow up we get in next few day...
Comment:
Opinion is not to short nifty... rather wait for long side trend confirmation
