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WHY I DID NOT LOOK FOR LONGS AT ALL TODAY :

If you see my previous post on overall buyer strength and expectations I was analysing the price to breakout and trap those late buyers and create a break out failure.

The price moved above 16000 and created a sentiment of strength but the overall strength over 2-3 days was weak.

Now that those buyers are trapped. You know what to do ?

Tomorrow is going to be a day where we might be rewarded for our 2 days of patience.

Check chart for trade plan. #NIFTY50