Recent 3 candles down side move is impulsive and it has closed below 21 EMA.
If trend-line and fib 0.618 level break and close below then it is possible to see all below target.
Sell : 19530 with SL: 19655
Targets:
T1: 19225
T2: 19020
T3: 18750
T4: 18510
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Thats why always stay with trend.
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It has created blood bath in BN n FIN nifty also.
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25 Oct 2013
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Major Bank Nifty stock move in intraday
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Index Options :
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Stay with trend my friends
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Not a single green candle closed above high of prev candle. Which indicates strong Down trend. Therefore whenever you get opportunity on against the trend plan scalp trade only .