On friday, i advised to hold shorts if we close below 2905, and tgt was 2763-2635.
today, i think we will hit the 1st tgt, where one should book partial profits, and wait to see if we close below 2810 spot for the day.
the next leg of downfall will come when we close below 2810 spot, tgt will be 24xx levels(only if we close below 2810 spot).
now for intraday, short when 2804 fut, or 2810 spot breaks, tgt will be 2763 levels.if at all nifty crosses 2866, one can initiate small longs for 20-30 points gain in intraday.
(60 min intraday chart attached, All Future Levels)
