Sunday, September 20, 2015

Nifty Analysis :Abhishek Mittal

The recent market crack and volatility has wiped a huge sum of investors and traders money.
The Nifty index gives wide swings almost every day. Let us see what’s in store for the index.
Nifty is witnessing a corrective c wave. I have marked the internal sub waves of the c wave too; which suggests that we r moving up in a corrective 4th wave and that prices should turn again for a dip near 7500.
However for the validation of this count prices should not move above 8320, which of course is the stop loss for all short trades. The most prudent strategy will be to short on rise with a stop loss at 8320. Buy only if prices manage to move above the 8320 mark.