Nifty Price is trading at the APEX of the 'Diamond Top Pattern' or 'Symmetrical Triangle Pattern' on the verge of breakout. Breakout can come any side. But if we consider the Negative divergence in the CCI Indicator (20), then most likely the breakout should be on the downside. Confirmation will be an End of Day(EOD) closing below 10745-10765 support zone.
Trade Setup
Cmp - 10795
Short Nifty Futures on any rise till 10860 Spot
Stoploss 10900 Spot
Target :- 10700 / 10610-630 / 10550