Nifty is trading way below its short term average(5 & 10DMA).
A small bounce may materialise if 5005 (Pivot) is held to target yesterdays high(5059) and may be a bit more.
Sell 5000Calls and short Nifty at that moment.
Aggressive can do a small long trade from here(5020) to 5059+. and initiate short at higher levels, when Europe gets into green.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
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