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sm21298182

Don't short nifty

Long
Nifty 50 Index (NSE:NIFTY)  
sm21298182 Updated   
NSE:NIFTY   Nifty 50 Index
Technical Indicators Trend Analysis Chart Patterns nifty50 niftytrend niftyanalysis niftylong niftyoutlook niftyprediction sentimentalrsi niftyview
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indicator trendanalysis chartpattern nifty50 niftytrend niftyanalysis niftylong niftyoutlook niftyprediction sentimentalrsi niftyview
Looks like we have formed near term bottom here. My sentimental RSI has turned green. So don't short nifty now , be long.
50 day moving average around 11500 can be big resistance. I wound but Aug 11000 call option and sell 11500 call option.

Going long has high probability on making money.

Happy Trading !!
Comment:
Every body is waiting for some relief package from governments. Once the announcement is done Nifty might go up. That will be good time to short the market
11500 is critical resistance.
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