Nifty looks bearish from these levels. It has came at their resistance area. Option chain showing highest call interest at 18300 levels. Rsi also giving bearish diversion, MACD will also give bearish crossover very soon. These all indicating a price reversal for downside. So a short trade can be executed with the current price 18302, with stop loss of 18375 and target we can see on downside 18225/18175. Please trade carefully and always use strict stop loss to save your capital from wrong trade.
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