Update Nifty Analysis for 2 May Short Call

Nifty Intraday Chart 2 May 2012 - 15 min
* We are in the channel and looks as an Impluse as per the above diagram.
* Today we trade for c wave under 4 wave.
* If that was correct then in next 2 days we will see the 5 wave rally.
* In 5 wave, wait for the good trade that is inner 3 trade wave. we will monitor and update the blog accordingly.
* Happy Learning and Happy Trading!!!

Update: Nifty Short Call - Target Achieved - Gain 46 Points

CMP nifty Future - 5239. Target Achieved. Gain of 46 Points today. Cheers...

Nifty Short Call @10:56am 2 May 2012

CMP Nifty Future - 5295 Short Nifty @5295 with Stop loss @ 5312 for Target - 5240/ 5230/5220.