Hi All, Good Morning!
Nifty had turned upward on the turn date of 6 Dec. And first leg - an impulsive leg got completed on 11th December as shown in the chart.
This impulsive wave is being retraced and will be completed today or tomorrow.
Over all markets are bullish in the medium and long term.
Short term traders can short at the opening as SGX Nifty is suggesting a gap up opening of 49 points.
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Action ( Short Term only): Shorting here at 10215
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Stop-loss 10240 NS
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Exiting here at 10149
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Will short again later. Its not time to go long yet, that will come tomorrow.
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Shorting here again at 10170 with stop-loss at 10210
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exiting here, will go long tomorrow.