📊Short Market Report📊
Extreme bearish move opens a Pandora's box. Even if the sentiment is extremely bearish, there is a high chance that there might be something what I call a slingshot rally. Having said that, this is a bearish engulfing pattern.
Keeping that in mind, the following levels will help. As I always say, analyse the market as it is. Market doesn't care if you're bullish or bearish.
Trading ideas:
Nifty Long above 17468
Nifty Short below 17365
Bank Nifty Long above 37206
Bank Nifty Short below 36845
Keep in mind that there are other levels both in and outside this range which may become level of significance depending on the price action especially with a gap opening.
Extreme bearish move opens a Pandora's box. Even if the sentiment is extremely bearish, there is a high chance that there might be something what I call a slingshot rally. Having said that, this is a bearish engulfing pattern.
Keeping that in mind, the following levels will help. As I always say, analyse the market as it is. Market doesn't care if you're bullish or bearish.
Trading ideas:
Nifty Long above 17468
Nifty Short below 17365
Bank Nifty Long above 37206
Bank Nifty Short below 36845
Keep in mind that there are other levels both in and outside this range which may become level of significance depending on the price action especially with a gap opening.