Post a 6 month rally, Nifty is displaying very early signs of vulnerability on daily time frame charts.
Proactively, traders can look to short below 9629 Nifty Spot. Sop 9715 Nifty Spot. Target1- 9535. Target2 - 9400.
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Hi Guys,
On June 8th I had notified a proactive Short Trade on Nifty below 9629. Since reco Nifty has fallen 150 points to now trade at 9475 (10 WMA). I suggest taking part profits at CMP and moving the Stop to Cost for the balance position. Happy trading. Cheers.