As per the attached double curve. Look for opportunity to short around 11 AM.
Trade active:
Though the nifty opened gap up following the other asian markets, there still a chance that it will go below yesterday's closing.
Comment:
The Nifty has taken the turn as predicted. The final target is around 11515 - 11520 for today. Nifty will continue to be weak tomorrow. Decide on continuing short or exit today based on your risk taking ability.
Trade active:
The nifty did have a gap-up opening but soon fell in to the suggested zone until finally ending sub 11500 levels. Hope you enjoyed the sink!
If you have short active you can continue for tomorrow. But day after may be a day of consolidation. Need to square-off; can try around 1430 hrs (After looking @ Europe opening hour).
If you have short active you can continue for tomorrow. But day after may be a day of consolidation. Need to square-off; can try around 1430 hrs (After looking @ Europe opening hour).
Trade closed: target reached