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sukhomoy

Nifty trade near Deathtrap & seen clear negative divergence.

Nifty 50 Index (NSE:NIFTY)  
sukhomoy Uppdaterad   
NSE:NIFTY   Nifty 50 Index
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Nifty trade near Deathtrap & seen the clear and simple negative divergence at in chart.
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Let's try to see the technical platform in a simple way. I will explain my point of view in detail later, but I will not be responsible in any way for the profit and loss of anyone who trades with my view.
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11000 first target.
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Bears are loitering to enter in the market. Finally, the lower top established in the daily chart, and the Nifty closed below the 20/50 Daly MA, so it is clear that the lower bottom is going to be formed Blw(11,185), so the selling is strongly confirmed. Hopefully, this is easy to understand.
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In a very simple way, we are holding a short position in the Nifty, Which I have already discussed before. Today we have come to a good support zone. Here we are not discussing retracement trading. When it comes to swing trading, Then we will discuss short tram swing. Since we are in the positional trade. So the selling position will remain open as before.
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