We saw a MAJOR breakdown, but however managed to close above the trendline.
now today we need to watch if we close above 2904.
if we close above it, don't take positional shorts.however a closing below 2904 would mean, nifty may hit 2763-2635.
also closing below 2800 spot levels may bring 2457 in nifty in short term, as 2800 spot is being watched by many analyst and traders around the world as a sacred level.
because of this major breakdown, don't consider positional longs till we close above 3050 levels
For intraday, all shorts shoud have a SL above 2904, and no shorting above it for intraday.
Traders may also try some small longs above 2904 for 30-40 points gain in intraday.
(60 min intraday chart attached, All Future Levels)
