
A strong bear market rally. This can fizzle out sooner may be today or tomorrow. I will look at market this way for next two three days. Will like to observe how market behaves. As of now I do not want to change my main counts shown in the chart. If need arise I will change the counts. Forgot to add to the chart that market has many gaps which are unfilled on its upward journey recently . And the recent gap what we have seen may become an exhaustion gap which has more chances to get filled in...Let us wait for market to show some signal of weakness and i will update the short trade. If this counts are wrong then alternative counts which are very bullish will not allow short trade to lock in. Keeping my fingers crossed......
Nifty broke 5322(friday low) so i will be shorting Nifty now
ReplyDeletekeep 5400 spot nifty or today's high of 5360(add 10 points )-5370 as stop loss according to your risk appetite.
Recommended bet sell nifty 5320 spot(fo is 20-25 points higher)stop loss 5370/5400 spot price as per your risk appetite.
Kind Regards,
Nirav Shah