How's the josh Trader??
If you have followed my earlier prediction i was totally Bearish on Nifty since when market was going UP.
Nifty have Fall about 350 points from tomorrows high and Moving towards 0.618 Fibonacci retracement.(Which is 23167)
So, 0.618% will be My entry point to Short Nifty and target would be around 23000, we will be soon towards our target.(TAKING TRADE IN MONTHLY POSITION)
Towards 23000 we may face 2 Supports i.e. 23700-650 & 23350-400 Range.
But this time it will Break and Move towards 23000 and Below.
So,
Sell Nifty @ 24160-180 Range
Stoploss @ 24250
Target @ 23650/23350/23000
NOTE : This is For Educational Purpose , please refer to your Financial Advisor before taking any Trade, I am Taking this Trade because I am Responsible for My P&L.
HAVE A GOOD DAY TRADERS.
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