SchoolofMarkets

NIFTY - Bearish - Correction Wave

Short
NSE:NIFTY   Nifty 50 Index
Nifty index, has formed a bearish correction wave after the completion of the impulse wave that started at the end of the 2008 Crisis, pushing equities higher and higher.

NIFTY looks to make lows at 9800 or even drift lower as time passes.

With elections around the corner, it doesn't seem that impossible either.

SO, keep your positions light and breezy in the market. Don't lever your positions, else, you might drift into losses.

Shorting can be done on the basis of chart analysis at shorter timeframes like say, a 30 min or lesser.

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