Everyone looks bearish on media today nifty contra idea

Everyone on social media thinks 16700 top made and can tomorrow be a surprise shock. Idea only if 16600 holds or short for 16500 if broken 16600 by 20pts.

Yorum:

Be careful at 16550 area 50% fibo on the rally from 16400-700

Yorum:

Slight change in trade plan to adjust to possibilities:

If gap down
Buy at 16550 with stops of 30points.
No short plan today.
If bounces before 16550 we buy above 16600.
Otherwise sit aside.