UPDATE : NIFTY SPOT EOD CHART - KEEP STOPLOSS @ 5515 CLOSING BASIS - TREND IS BEARISH

NIFTY SPOT ON FRIDAY MANAGE TO TOUCH AND BREAK
BUT COULD NOT SUSTAIN THE FLAG PATTERN LOWER
TREND LINE AND THE SUPPORT TREND LINE -2 NOW
ACT AS AND WILL ACT AS STRONG RESISTENCE ZONE
AS ON 5TH ATTEMP IT COULD MANAGE TO BREAK THE
SAME AND OUR VIEWS STILL REMAIN THE SAME AND
WE KEEP OUR TGT  INTACT LAST WEEK NIFTY SPOT
TRY TO COME NEAR TGT 3 - 5370 BUT COULD NOT
HIT THE SAME AND BOUNCED BACK FROM 5401 LEVELS

OUR VIEWS REMAIN THE SAME AS POSTED ON FRIDAY POST AND COPIED THE SAME BELOW

POSITIONAL - FLAG BREAKDOWN - THURSDAY STBT TAKEN

THOSE TAKEN SHORT YESTERDAY CAN ADD MORE AT CMP AND HIGH LEVELS

KEEP SL @ 5515 CLOSING BASIS ON NIFTY SPOT AS POSTED ON TUESDAY NIGHT

101% THIS RALLY WILL NOT SUSTAIN AND COOL-OFF AS TREND DOES NOT CHANGE IN A DAY
BUT IF SOMEHOW NIFTY SPOT MANAGE TO CLOSE ABOVE 5515

THEN ONE NEED TO REVERSE FROM SHORT TO LONG SL AND TGT LATER

POSITIONAL SHORT TAKEN @ 5800 AND DOUBLE BELOW 5680
WE BOOKED 50% OF SHORT @ TGT 2 - 5480 AND BELOW
NOW FOR REMAINING SHORT REVISE STOPLOSS TO 5515 ON CLOSING BASIS
BOOK REMAINING 30% @ TGT 3 - 5370 AND REMAINING 20% @ TGT 4 - 5245