Hi All, Good Morning!
Nifty had turned upward on the turn date of 6 Dec. And first leg - an impulsive leg got completed on 11th December as shown in the chart.
This impulsive wave is being retraced and will be completed today or tomorrow.
Over all markets are in the medium and long term.
Short term traders can short at the opening as SGX Nifty is suggesting a gap up opening of 49 points.
Thank you and keep posting please.