NIfy view as on 19-7-2017 (15 min)

Updated
Nifty May be forming B Wave in side that it looks forming a contrating triangle.

Trade Setup

****Ensure that 9932 not breached*****
enter short when nifty Breaches the BD Trend line
Keep SL above Wave E




The minimum Target would be 9780
Note
Made Stop Loss sell below day Low
Note
Sold Future @ 9900
Note
Target Minimum 9853 and maximum 9806(Spot )
Note
Since Suspected Contracting triangle changed as Diametric once Planning to exit the short near 9870
Note
Book Profit Partial @ 9870 30 Points Profit
Trade closed manually
Booked full Profit @ 9860 as reversal Happened
Note
For Second Lot 40 Pts Profit
Wave Analysis

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