In medium term waves, actual turn may happen +/1 1 day. For the MT wave starting from Friday 23rd June, today was a turning date and the actual turn happened just a day before. that’s why we went long yesterday.
Now Nifty will be till 7th July, and level wise, it will go upto 9650, may even reclaim 9700, but chances are very less that it will cross 9700. Even if it does, that would just be a spike.
And after that nifty will be down till Sep end.
Yesterday we had booked profit in our short position and had gone long at 9490 Nifty Spot in July series. Please maintain stoploss at 9450 NS .
Nifty First, SGX Nifty second.
SGX Nifty is at 8485 as of writing, as global markets are nervous. But Nifty will do its own thing, as per its own time-cycle.
We will maintain stop loss at 8450 Nifty Spot at the beginning, wait for 10 minutes after opening. And will again raise it.