Currently nifty is in a uptrend on 30/60 minute charts but if it comes below the level marked by white line on the chart(8802) then we will be taking short sell positions on nifty. Other then this if it forms a structural pivot in the area of red rectangle on the chart then also we will initiate short positions in nifty else will be looking to go long as current trend is uptrend.
Reason for short sell would be that the 19th Feb low is a fractal pivot low on 15, 30 and 60 minute time frames. So friends keep in mind the trend and trade accordingly.
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