As per the technical indicators , NIFTY is all set for a bounce back very swiftly - if the 7240-7230 region is not broken....
If 7230 is broken - indicator suggests the level of 7118 zone & from there upto 7040 ...
But , FIIs pricing action indicates NIFTY should cross the level of 7419- 7435 at any moment.... !
The better strategy would be to watch the level of 7230 - whether it is broken / held & accordingly align the positions....!
STM 4th Entry - I have not made exit yesterday ----- holding for a while...!
Let's wait and watch....!
Have a nice day..!
With kind regards,