First time target is 10:14 AM opening for the position which we bought at level 9613 NS .. If Nifty doesn’t give a ‘peak’ at that time, it will continue its upward journey.
As shown in the chart, its essential for this wave to breakout above 9650 and 8675 NS . If it doesn’t sideways action will continue for some more days. We will trade short term waves and will make money both ways in that scenario.
SGX Nifty which was positive yesterday night is currently down 41 points approx. Any gap down which happens is a buying opportunity and set a stoploss at 9580 NS after 5 minutes of opening