As you can see Nifty trading between a range 10680-10830, wait for a break out or break down, Levels are in the Chart.
Nifty already went high and now candles are squeezing and less movement. So we should seek for a retracement in Nifty,
I would suggest taking a
Short position and hold for the target 10627 and trail your stop loss below that level to...
NIFTY has gained huge from the previous bottom , we have 3 main reason of shorting
1. Stiffer the angle , faster it breaks , (Nifty went up too stiff )
2. BUyers have sold positions to book profit ( clearly monday candle showes the price action)
3. THERE IS HUGE BEARISH RSI DIVERGENCE
Enjoy shorting to the levels on the Chart , if this level of 9950...
A positive RSI divergence is seen on the weekly chart of NIFTY . Targets to rise to yearly Fibonacci point of 12923 . We know more to come this year if union budget goes in favour of manufacturing industry and banking sector .
I see a clear way through . Please comment your openions about Nifty 2020 target 💪💪
Feel free to reachout to me