nifty currently traveling in a disjoint channel as I mentioned in my earlier post, but the mistake was I was expecting a little pull back to the support and then a run , but it fooled me as well as a lot of traders with a sudden high gap up opening, but with this huge gap up it should have cleared the resistance trendline, but it could not. and a bull trap in 4 hour candle chart created.
As morning shows the day, might be a weekly positive close possible tomorrow weekend, but set up should be sell on rise until 17980 is achieved on a daily close, rather a short position of 18000 pe can be considered with a stop of 17980 on daily close. And simply sit tight.
As morning shows the day, might be a weekly positive close possible tomorrow weekend, but set up should be sell on rise until 17980 is achieved on a daily close, rather a short position of 18000 pe can be considered with a stop of 17980 on daily close. And simply sit tight.