Momentum Indicators are slowing down...we have finished extended 3rd wave in the zone 7860--7870...Avoid long positions or close all your longs....Whenever we have extended waves Index could crash.....
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No confirmation for going shorts yet
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I guess we exited little...apologies....just got 120 points only profit in Nifty...Sometimes you have to contain & don't become greedy...after all we are all human beings. Regards
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(13:00 Hrs IST ) Let us not hurry ...I will update when I am going short regards, Abhishek
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Oh...God...Hurried Hurried...Why I am in so hurry....I entered at 7750 & exited at 7870 ....Yaa...I never had selling confirmation so I updated that let me get sell confirmation....my god upside is extending..7925...
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7940 is a crucial level...Agressive traders will lose only 10 points ...I think that risk shall be worth taking.
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26th May 2016.-- 9:30 Hrs....No shorts please Above 7960 ...we can look till --8020--8030 with strict stop at 7900
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26th May 2016--11:30 Hrs....Fall of 25 points not looking good ...Traders once if Index goes below 7960...Exit your longs...Current Rate--7973...Regards
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26th May 2016 --12:00 Hrs .........7960 is intact...& not hit ..we are holding our long position