"Below 5730 /200dma on closing basis it is weak. One should be Positionally short below it with proper S/l for any whipsaw."
"The RBI Meet on Tuesday may be the next trigger for a Trending Market in short term".
" Technical target on break of these levels is apprx. 200 points ".
" Is the smart money hedging against a fast move down below 5700 level ???"
" Is this the indication of the range to be broken on the downside ??? "
" The Option and FII data points towards the alternate count as of now. "
Above are the few excerpts from the Trading Strategy & Analysis posted for this week - CLICK HERE , (Check the Picture caption of Post - I want to break free :) )
The Bullish Elliott wave count which was considering the upmove since 5177 as 1-2-i-ii-iii-iv has been negated as wave iv has entered the wave i at 5608 level . For EW insight followed by me - CLICK HERE and check subsequent posts for developing count .
Any upmove only above 5710 now (as per Volume Profile ,5ema and Pivot ) .
Keep it as SAR and trade further .
Enjoy with the flow .!!!