1. NIFTY is in a strong down trend on daily, 75 mins and 15 mins time frames
2. On 15 mins, there is excellent level: Drop Base Drop @10333 - 10367, if prices reach this level one can go short
3. This will give easily RR of 3 and one can trail the Stop loss for more profits as overall NIFTY is strongly downwards bias
CONS:
1. SGXNIFTY is ended very positive. So, tomorrow if the market GAPS-up very positively and either opens in the the zone or above then this will not be valid
2. On 15 mins, there is excellent level: Drop Base Drop @10333 - 10367, if prices reach this level one can go short
3. This will give easily RR of 3 and one can trail the Stop loss for more profits as overall NIFTY is strongly downwards bias
CONS:
1. SGXNIFTY is ended very positive. So, tomorrow if the market GAPS-up very positively and either opens in the the zone or above then this will not be valid