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

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

Comment:

Made Stop Loss sell below day Low

Comment:

Sold Future @ 9900

Comment:

Target Minimum 9853 and maximum 9806(Spot )

Comment:

Since Suspected Contracting triangle changed as Diametric once Planning to exit the short near 9870

Comment:

Book Profit Partial @ 9870 30 Points Profit

Trade closed manually:

Booked full Profit @ 9860 as reversal Happened

Comment:

For Second Lot 40 Pts Profit