The trend reversal should begin from today. Yesterday the formation was visible. But it is not prudent to short Nifty when the closing was near day high and the low of 10844 was not breached yesterday.
If the Nifty opens with a slight gap up, one can short CEs of 11000, 10900 and initiate PE buy ranging from 10800-650. This PE buy should give a decent return of 40-70% return. This strategy should hold good for next 2 days.
Dont be panic. This is a regular course of small correction to wipe out weaker traders who have entered CEs during the last two days with greedy intention to multiply their investment.
GOOD LUCK!
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