SGX Nifty is down 14.5 points currently, flattish I would say. Today whenever this Short Wave ends, we will exit, probably in the second half. And may take a short position as well.
This short wave shall take out the previous short wave swing high at 10163 as shown in the chart. ( the horizontal line.
Keep following, and hit like button please, thanks!
Just a recap - we are long from 10108
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15 min later I did this post, SGX Nifty was down 42 and Nifty is opening 30 points. This shall settle in first 15 minutes. Nifty still will go up. Stop-loss is 10020 NS. Please continue to hold.
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^30 points down.
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Its still is above yesterday's low.
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Very dull at present. Probably waiting for RBI policy. Continue to hold.
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Lets exit all positions here for the time being. Situation is dicey here. Was expecting Nifty at day's high by this time. But it will take aanother day. In the mean while RBI policy anouncenet is teher at 2:30. So closing all positions here. Will take position tomorrow.
10030-9970 is the range where it may end and consolidate. Then it will go up. Don't worry. Stop saying and putting the chart in up direction daily. Even today also it behaved opposite to you. You turn date also didn't work. Time to revisit your logic!!