Nifty Future corrective rally from the intraday low of 11031.5 to the high of 11165 appears to be complete. Now expect a sharp decline to form a new low of 10980 and 10948.
The positional trader should who may have created a short position near 11139 can lower the stop loss to 11175 for the target of 10839.
The Day traders can sell it below 11098 with a stop loss of 11126 for the target of 10980.
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