Important fibonacci level
Market trading below 3378 is inviting shorts
As per charts 200 sma is around 3415 suggesting stoploss for any shorts.
Below 3378 means 3280 coming in a day or two. After that one reversal expected till 3366
so covering short at 3280 and sitting on cash is smart work.
T2- 3227
T3 - 3135 these tgts will b completed only if 3268 broken
KEEP tracking 200 sma daily whenever one goes short
keep trading with direction of market as every rally lasts for atleast 50 odd points
ALL the best
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current mkt. level