Nifty long

Dec 28, 2016

Pullback to the 38.2% and prior high after a Trend Change, making 8033-8020 a bounce area. Low risk buy here for a target of 61.8% FR (8130). There's also a Gap area (8128-8136) co-inciding with the 61.8% FR.
Below 8020, the long gets negated and we can see 7960.

Dec 29, 2016

Trade closed manually

The high was 8110.95, suggesting the Index almost met its Target zone of 8128-8136. So the trade ideally should be closed at day's end.