Why I went short on NIFTY today.
Considering the confluence of multiple signals, I bought NIFTY 13600 PUT. I'll hold it till NIFTY touches 21 EMA.
Stop Loss : NIFTY not showing any signs of breaking down in next 3 weeks.
- NIFTY is closer completing 6th straight week of gains.
- 3 months without significant correction.
- New year and new series starting from tomorrow.
- Result season kicking off. And it may set expectations about future growth.
Stop Loss : NIFTY not showing any signs of breaking down in next 3 weeks.
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