Short nifty at 16221 with proper hedge

Fibonacci price extensions level 1.27 was surpassed now the next level to be checked is 16221 from their mkt might give u 1-2% down move upto 15750..the resistance now will then act as support..
And u may again go long if support is taken at 15750 levels
FibonacciSupport and ResistanceTrend Analysis

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