"if we dont cross 2950 and close below 2905, i will carry positional shorts."
this is what i wrote in my previous update, and Dow is trading -200 as i m writing this :-)
trading becomes this easy when we stop thinking about whats happening in this world, and just concentrate on "TECHNICALS".
For today, 2895 will be a major level, and nifty will be weak trading below it.
also breaking 2870 is important, where nifty may tgt 2855-2830-2785 levels..
a closing below 2855 would mean more weakness in coming sessions.
further for intraday, if crosses 2895 may go on to hit 2930 levels.
as of now i will hold my positional shorts for the tgt of 2785 with SL of 2895 on closing basis.
(EOD chart attached, All Future Levels)
