17600 likely for NIFTY.

Nifty has formed a bearish sort of a structure on the daily chart, making a low of 17613 on 29-10-21. Since then it has pulled back to the 20EMA and has formed a bearish continuation bar to the downside today. A short position could be considered keeping the following levels in mind:

SHORT BELOW: 17958
STOP LOSS: 18132
TARGET 1: 17784
TARGET 2: 17610

Please do wait for at least a 15 min candle close below the "SHORT BELOW" level before initiating the trade.
_______________________________________________________________________________________________________________________________

Manage risk properly and trade your plan.
Like and follow for more. :)

Trade stängt: målet nått:

Target 1 reached at 17784.

Trade stängt: målet nått:

Target 2 reached at 17610.