McDowell-N - Risk Reward High to go long now..!!

Nifty correction may continue with -ve div-hourly, "3280" decisive..!!

Nifty does away with corrections swiftly and asserts its trend.

Though VIX gave bearish possibility, market used that opportunity to make new high giving more than 200 points from the low.
There was no selling opportunity...ORB gave a buy call at 10.15PM and market never faltered there on. At 12.00 Noon, the hourly also confirmed a buy.

I failed to highlight the "buying opportunity" in Nifty as long as its trend is up.
Real and confident selling opportunity will arise after some -ve div, closing below 5 DMA, breaking of channel, etc.

Waves will get extended with myriad possibilities but the channel is intact.
Nifty may stop at 3370 and spends a couple of days correcting towards 3200-3175 or marches on to go past 200 DMA and consolidates above that.

This will be the 5th week of closing positive.

Nifty after a "5" completion & VIX breaking out gives short term bearishness

VIX-Fear Index breaks out confirming a bearish scenario after Nifty completes a "5" wave up. 3060/3150 to 3285 may be a trading range initially. Trade with caution as the Weekly uptrend is still intact. Stocks may behave as per their individual TA conditions.

Nifty may pause here with 3223 to act as decisive in short term..