Scenario 1 - If stock opens positive and move towards high then wait for the strong resistance and look for shorting opportunity
Scenario 2 - If stocks opens negative and move towards lower side then wait for the support and take entry when the support gets break.
Scenario 1
if market opens positive then wait for the stock to form resistance , once resistance confirmed then go for shorting.
Scenario 2
if market opens negative then wait for the market to form a proper support and if stock trades near the support area then go for shorting.
SL - Above 1127
Volumes are indicating weakness in upside move. Those who are all ready to bear the loss can take this trade. Since there is no proper resistance confirmation this trade can fail also. Please be cautious before entering.
My Entry - 1681.40
SL - Above 1695
Bharti Airtel currently in retracement phase. If tomorrow market opens and if it started going upside then once it's formed is resistance then go short there and keep SL above previous trend high.
SRF shorting Opportunity
Scenario 1
If Stock opens (neutral or Upside) and moves up then wait for the strong resistance , once resistance confirmed then go for shorting.
Scenario 2
If Stock opens bearish and started moving towards downside then wait for the stock to make lower high and lower low pattern and then enter when the stock makes retracement.
SL - Above 2477
