Nifty is at a crucial level @ 5750. All the people are looking for 5500 (the target of Head & Shoulder pattern break). Every Indicator has turned negative But it seems, market will not go till there in at least this Move. The follow up of the breakdown is too weak.
What OI data suggests, 5700- 5750 will not break & a bounce is expected from here till 5900/ 6000.
In Last trade SL hit @ 5870 and initiated shorts @ 5870.
If the market doesn't break yesterday's low with Close, We will book all shorts here & will try to Go LONG near 5740~ 5750, else Shorts continue..
What OI data suggests, 5700- 5750 will not break & a bounce is expected from here till 5900/ 6000.
In Last trade SL hit @ 5870 and initiated shorts @ 5870.
If the market doesn't break yesterday's low with Close, We will book all shorts here & will try to Go LONG near 5740~ 5750, else Shorts continue..
We are ready to Short the market today !!
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