Nifty Future daily timescale charts shown above
Last friday we had a big black candle. It seems the trend has turned negative for the time being and keeping in mind the momentum of down move we saw on friday, we may see hitting 4782 on nifty future. We were short on break of 4920 level.
Just for reference attaching the midcap cash weekly charts too
It is at a very crucial support levels. Break down of these levels could sould alarm bells for midcap segment
Caution trade on short side recommended for booking around 4780 levels with stop loss of 4920
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