Nifty 50 IndexShort
NIFTY TGT 20200 in 3 - 6 months
Updated
Setup - Bearish
Target - 20200 (spot)
SL - 1% (Approx 22430 - 22460)
Time frame - 3 - 6 months
Expected :
1st Target - 21000 (0.382 fib levels)
2nd Target - 20200 (0.618 fib levels)
Reason of bearish setup -
1. Range of move is complete in index
2. Fib levels conjugating with previous rally base rally (16800 - 18800 - 22297)
Target - 20200 (spot)
SL - 1% (Approx 22430 - 22460)
Time frame - 3 - 6 months
Expected :
1st Target - 21000 (0.382 fib levels)
2nd Target - 20200 (0.618 fib levels)
Reason of bearish setup -
1. Range of move is complete in index
2. Fib levels conjugating with previous rally base rally (16800 - 18800 - 22297)
Trade closed manually
Would suggest 50% position booking here and rest SL CTCReason - Risk Reward same 2% risk SL saved and 2% TGT achieved.
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