Nifty looks like broke the bullish trend line
nifty 13800 round level resistance and also broke the bullish trend line. This could be a retracement and could also fill the previous gap
better to watch in a smaller time frame 5 min. if macd indicator gives sell signal in 9.30 to 10 .30 am then only short nifty 13800 or 13750 CE
Nifty broke trend line but this doesn't mean it you could short it immediately as it may go first sideways and the could see a good retracement
but there is 13700 support better watch out trail your profit if nifty somehow behaves fishy !!!
If nifty again open gap up I mean break the 13800 round level resistance then it will act as support don't even think nifty will go bearish .
then plan to short 13700 or 13750 pe
better to watch in a smaller time frame 5 min. if macd indicator gives sell signal in 9.30 to 10 .30 am then only short nifty 13800 or 13750 CE
Nifty broke trend line but this doesn't mean it you could short it immediately as it may go first sideways and the could see a good retracement
but there is 13700 support better watch out trail your profit if nifty somehow behaves fishy !!!
If nifty again open gap up I mean break the 13800 round level resistance then it will act as support don't even think nifty will go bearish .
then plan to short 13700 or 13750 pe
when to short in live market it is easy to tell what will happen