Short Nifty: At 8000 For Targets - 7400 Short

Nifty 50 IndexNSE

Description

⋅ Sep 12, 2015 11:49 AM

Nifty moving in Wave 4 of Wave B of ABC correction of larger wave 4 !!
Time Frame : Around End of Sept or FED Rate Hike !!

Short at 8050 for Target : 7400 around
SL Remains - 8150

Then Go Long Nifty around 7400 for new life highs !!
SL Remains - 7200

Volatility would be high, so trade accordingly !!

NIFTY

Comments

AMBRISH

⋅ Sep 12, 2015 4:49 PM

THAnks,

praveenvs

⋅ Sep 12, 2015 12:22 PM

Thanks. IMO, there is a typo there. I guess you wanted to write "Wave 4 of Wave C of ABC" and NOT "Wave 4 of Wave B of ABC". Currently we are in Wave C and NOT Wave B.