NIFTY is getting towards that resistance zone,
we have been mentioning this range as strongest resistance point since last 2,weeks.
(19,600-19,800) is a safe point to add up fresh shorts, also the risk reward is favourable here.
we are in a very narrow trading range so as an OPTION buyer you have to give yourself extra amount of TIME,
For now we are maintaining downside objective of (19,140) on spot,
below that we would look for (18,975) which is the HEXAGON PATTERN target, discussed on it on 3rd,august.
Lets see,
it would take TIME,
but should happen ideally.
NIFTY UPDATE
Published
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