September 23, 2015

NIFTY futures intraday charts

- did not trade long today so the comments below relate to hypothetical trades
- long above blue line
- green line is trailing SL
- cover on close

Hourly charts hint at some more correction. This view will get negated above 7900 F.

Logic: fall from 8100 is an impulse as 1-2-3-4-5. Most probably 4 got completed today and 5 will commence shortly (down). Hopefully this will be the last leg of this correction.

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