Nifty seems to have completed 5 impulsive waves on upside from 16820 Wave 4 retraced exactly 38.2% retracement. Wave 5 forming ending diagonal, with strong negative divergence. Minimum tar in coming days 19000 expected. Any upmove to 20500 should be used to exit longs and add shorts too. Divergence visible on adx, rsi, macd, cci, mfi index Major gann dates liner up between 21 sept to 24 sept. Equinox and solstice too Take extreme care on speculative longs Hedge ur shorts by long in 20500 calls of dec
moving towards 19630-19450 and more, with minor hicups , trend has turned sharply bearish