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 futures is little skeptical .
4.We will  wait for next reversal signal to BOOK SHORT.

Reference to  previous post :- http://bwithtrend.blogspot.in/2015/03/peaks-troughs-analysis.html .