9480 NIFTY SPOT - MAGIC NUMBER TO SHORT POSITIONAL
9480 is 62 % extension of 0-3. i do not expect market to go above 9512 (78% extension) i will prefer to take June 9500 puts option- rather than taking futures buying puts in lots - with every 10 point rise in nifty spot , buy one lot target can be calculated later as it should be bigger than wave 2 & wave 4 combined together (more than 100 points)
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