Looks like Triangle has broken with shift in price volatility

Jan 20, 2017

Nifty confirmed triangle break with first 15 minute of opening. I think short can be initiated for minimum downside of 8385. Prices are currently retracing to broken line take entry at the end of retrace.

Jan 20, 2017

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Downward momentum started

Jan 20, 2017

Note

Intra day traders can exit positions if they want to, positional traders can hold their positions with trailing SL

Jan 20, 2017

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Jan 20, 2017

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I think prices should halt at 8353 for some time now, waiting for price to complete its first cycle so that we can add Fibonacci Arcs to them