TREND IS DOWN. ADOPT SELL ON RISES & RALLIES.
CRUCIAL LEVELS: 11400-11800 SPOT.
Breach of 11400 spot will drag the Index lower towards 11226-11035.
Break of 11800 spot will push the Index higher towards new highs.
Nifty struggling between 11640-11460 for the past few days. Trending move is highly overdue and may begin today or tomorrow.
FOR MONDAY: Sell Nifty below 11510 spot. Target: 11430-420.
Or sell around 11600 spot with a stoploss of 11640 spot. Avoid buying as of now.