Covered all my Long positions and will wait and watch for tommarrow move.
Nifty is on the support place where both (Long & Short) view can be possible, so i have removed all my position with minor profits.
My probable choice now was the Short as it looks we already completed B wave and C wave is ongoing which was the 5 wave impluse in downside. C1 and C2 is completed today and we are C3 which was the strongest wave on downside and hence tomarrow move will be strong move on the downside.
Upside possibility can't be ignore as Nifty is still didn't break the major support line. In the bullish scnerio we fill that b of B wave completed today and we are on the c of B wave. But this was less preferred one and b of B wave corrected more then 138% Fib ration which was rare case.
Nifty is on the support place where both (Long & Short) view can be possible, so i have removed all my position with minor profits.
My probable choice now was the Short as it looks we already completed B wave and C wave is ongoing which was the 5 wave impluse in downside. C1 and C2 is completed today and we are C3 which was the strongest wave on downside and hence tomarrow move will be strong move on the downside.
Upside possibility can't be ignore as Nifty is still didn't break the major support line. In the bullish scnerio we fill that b of B wave completed today and we are on the c of B wave. But this was less preferred one and b of B wave corrected more then 138% Fib ration which was rare case.
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