Hello Everyone!
Let me explain a bit yesterday’s Nifty’s action. We bought at 9107 as per our pre-calculated time, and the bottom happened before that, please refer to the chart above. This happens usually on MT turn dates.
At 14:45 there was an intraday support, that’s the reason I asked to carry forward.
Today SGX Nifty is slightly negative, down 6 points as of writing. but nothing to worry about. We will hold this position with TSL at 9065 NS.
The way intraday waves have unfolded yesterday, chances are today’s short wave target of 13:29 might be skipped and Nifty will be bullish till tomorrow. Lets see.