@joel-vg, am also little confused. If e wave had ended at 10440 then it is only rally all the way upto 11400..with heavy resistance at the gap areas. I have my doubt since it ended in just one day against 10 days of d. It should have consumed atleast 1/3 of d time.. if it is getting subdivided then your dip might come.. But instead of shorting one should buy the dips...even when the Nifty enter the gap area.. there will be heavy selling.. it has to absorb all the selling and move forward.. I was long on Nifty and just closed it ..