NIFTY intraday charts

- despite a gap down opening, nifty recovered smartly and rallied

- resistance was at previous day low 15770 F

- this was an area of a safe short trade

- another short trade was at 2nd arrow

- cover on trailing

- net close was 0.5% in negative at 15691 spot

- note support at 15500-15600 spot

- AD was 1:2

Hourly chart: