Thu 14 Dec 2017 Nifty View

NSE:NIFTY   Nifty 50 Index

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 bullish 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.

Comment: Action ( Short Term only): Shorting here at 10215
Comment: Stop-loss 10240 NS
Comment: Exiting here at 10149
Comment: Will short again later. Its not time to go long yet, that will come tomorrow.
Comment: Shorting here again at 10170 with stop-loss at 10210
Comment: exiting here, will go long tomorrow.
Welcome Back !! Your charts were wonderful and on the dot today. I was short from 10285 yesterday and booked some yesterday and was out completely at 10160 . It did go lower but I switched to long with stoploss at 10125 and held the ride up to 10250 again and closed for the day nicely.

Thank you and keep posting please.
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