optionBoy
Short

Nifty in its FINAL LAP!!

NSE:NIFTY   Nifty 50 Index
271 0 3
Nifty             would be completing its 13 weeks rally which commenced on 27th DEC 2016 in the coming week INDIA VIX             in the lower panel seems to have hit the support
Historically it is observed that a move below 10.50 on the VIX             has resulted into a reversal in the Nifty            
The current setup seems qualifying for a short trade & hence long positions should be avoided in the coming week
The ongoing wave is expected to terminate near 9264 & Shorts could be initiated then with a stop at 9330 & Target 8975
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