Mon 16 Jan Timewave View on Nifty

pankajvw Updated   
NSE:NIFTY   Nifty 50 Index
Good Morning Guys!

From 27th Dec to 12th Jan, Nifty gave a marvelous impulsive upmove, and Timewave booked 375 points of profit.

Now we are short from 8400 level, and Nifty will remain down till 18th Jan Wednesday.
This is a retracement move of the impulsive upmove. Targets are 8320 and 8298
New short positions can be taken at 8400 level.
Comment: Holding this position would requite patience, especially today.
Comment: Please carry forward the short position. Please understand that as this is a retracement move, it will go down in a sluggish manner.


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