Short Nifty below 10400 for levels of 10250 in March series

Nifty failed to close above 100 DMA for 4th consecutive day and infact todays high has remained below 100 DMA of 10400-10410 range indicating further weakness which makes me think it is going to go down to 10250-10275 levels which is the 1 month low and 150 DMA which might provide the next support. Cover if Nifty crossess 10410.

Kommentar:

Did not crack as expected. Reminds me of the quote "Good traders cut their position, great traders reverse"