NIFTY 50 made a bearish reversal yesterday from 18790 area after taking liquidity grab from daily and weekly resistance of 18780. I have been predicting this trend reversal from last two days and yesterday we successfully hit our first profit target around 18721 which we documented (link below).
This idea is a continuation of our previous predictions and we are still bearish for NIFTY 50. The current bull run from 18670 to 18780 seems to me as market manipulation by big players to hunt more volumes. so those who were still bearish trade with us from yesterday can add more lots at current price if they wish at current price of 18780 with below possible take profits and stop loss area
TP 1 : 18635 TP 2 : 18556
SL : 18811
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