Continuation of Previous post ( Peak & Trough analysis ) As we mentioned in oust last post that we would be waiting to go for short on retracement at or near 50% or 78% level only after evidence . Today on 15/4/2015 we have witnessed HIGHER POINT REJECTION . HOW TO TRADE ?? 1. Its time to buy puts of 8700 or 8600 . 2. One can sell nifty futures near to the stop loss on closing basis 8850 . 3.At present level setting target for nifty