AbhishekHSinghCMT
Short

India Nifty--Possible Retracement (If dips below 7675)

NSE:NIFTY   Nifty 50 Index
40 0 6
Momentum Indicators are slowing down so one should book complete profit in longs as per previous update & can go short for partial targets of 7635(38,2% retracement of up leg from 7517 to 7709) & taking care of risk managment ...can book complete @7585--7595 (618% retracement of up leg) only if Nifty             dips below 7675 with strict stoplosses of day's high.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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