Yesterday Nifty gave a breakout above 11600. But in today's session the breakout got fizzled out. And whenever a breakout fails the structure becomes weak and tends to fall more sharply. Also Nifty gave a breakdown from a Rising Wedge channel with a large candle. It has also done its retracement . So go short on Nifty
Market stance has changed from Buy on dips to sell on rise
Market stance has changed from Buy on dips to sell on rise