Nifty Future intraday 15-minutes chart suggests the rise from the low of 11175.25 appears to be in a 3-wave corrective pattern with the potential target of 11250-11258 region.
Wait for this correction to complete. On reversal and then the break of 11225 will provide a selling opportunity.
The Day traders can then sell Nifty Future with the stop loss of 11266 for the target of 11147-11150.
A long position should be avoided for the day.
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