Short

Possibility of one more low in Nifty

By tushargupta1991

Updated

Nifty seems to be correcting upward and might make one more low giving RSI divergence. A similar move can be expected in BankNifty as shown in the link below.

Note

Still a down possibility..

Note

Till Nifty is moving up in a channel, the possibility of a downmove remains. One can short from a fib level or below the lower trendline.

Trade closed: target reached

tushargupta1991

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