Market will Start its Down Rally from Monday as per Elliot Wave. It looks like Wave - A will Start its Impulse Move Down towards 19100 LVL. So if UR already Short Enjoy UR profit and if not Short Bank Nifty on Monday. Looks Like Budget is Dissapointing
Comments
nishi2000
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Not questioning you, but street view is non stop rally to 21000, spoke to few brokers & FII investors
HappyVijay
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@nishi2000, If I am wrong love to know How ! :) What UR saying may be correct But what that means is .............. Market will Make NEW HIGH ?? I would like to trade Short because Its Near Supply Zone, and Risk Reward Ratio is GOOD. Nishi ! what you follow normally Charts or Recomadation from Street ! Any way Good Luck
drchandramohankk
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@HappyVijay, charts do speak the truth and only in rare occassions go wrong
nishi2000
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@HappyVijay, noted & as I said earlier not doubting your capabilities, just put across my street view. in case of short trade what should be stop loss?? & trade should be based on future or option
HappyVijay
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@nishi2000, Nishi Looks like your Sources was correct and I have to correct my Wave counts. But Bank nifty Still hav not crossed Sell Zone. And Given Spinning Top. So lets see.
nishi2000
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@HappyVijay, yes, i took exit @ 20,000 now waiting for policy event, now whats your new trade
HappyVijay
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@nishi2000, My New trade ! I am waiting for your Inside inputs from FII's friend to avoid to get my counting gets corrected ...... haha
HappyVijay
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@nishi2000, I Will go long if markets closes above 20600 Or I will short market if it closes below 20300 Yeseterdays Low
nishi2000
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@HappyVijay, my input is that mkt will correct by 300 points (nifty) for few days after RBI meet & will resume uptrend
HappyVijay
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@nishi2000, 300 Points ! Great ! so impulse waves Again....... Thanks