joel-vg
Short

WHEN IS THE RIGHT TIME TO SHORT NIFTY ??

NSE:NIFTY   Nifty 50 Index
165 8 3
As per me there is one more wave left which can go near 9500

9500 will be around 50 % projection of the wave between 1 to 3

but since getting an exact point to short is an arduous task even to the experts,

i will prefer the option route to short

i will start shorting june 9500 puts when nifty             spot goes above 9460 to 9470

i prefer June series since the trading days in May is less
but anyways your strategy is good though
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joel-vg KumarAbhilash
@KumarAbhilash, thanks. Market is supreme
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@joel-vg, yes
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yes it can be good strategy but one should watch tomorrow opening and closing as if market opens gap down and doesn't retrace that gap within and closes in minus , we might see a correction. and that might be a very good point to either enter short position in put or a buy in nifty as i expect nifty to go higher .
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joel-vg KumarAbhilash
@KumarAbhilash,
thanks sir for your view. i only analyze rather than actual trading (i am an amateur though)
presently i am only looking @ point to short
i may ignore if there is any buying opportunity for now (less risky trader)
if nifty goes below 9382 - i will think that the above wave count is wrong.
can you please suggest an alternate wave count for the above chart ?
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@joel-vg, m not a wave trader m so sorry abhishek cmt can help u in that he is a pure wave trader and i should say master. i trade only trend.
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joel-vg KumarAbhilash
@KumarAbhilash, yes. I do read his views and I am impressed. Drawback with wave theory is that many times waves are imperfect. And we have to accept the fact. No technicals can work as a holy grail and nothing is perfect. It is the trading methodology;proper entry ; exit & stoploss which helps the trader
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@joel-vg, agreed
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