Nifty has given a lower breakdown recently, as we suggested earlier that soon we will get an opportunity to short nifty for a profit of 800-100 points, which we got.
Next week, we are not much bullish on Nifty, downtrend will continue.
Traders can enter for a short position with a stop loss of 17380 (Nifty spot price) for a target up to 16800.