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This mid week update is being published due to unprecedented crash in Nifty. Today it has broken the very major Gann support levels . So a huge selloff was witnessed. Now what to do tomorrow?
HIGH RISK AND DISCIPLINED TRADERS , GET READY TO GO LONG IN NIFTY IF IT TRADES BELOW 9000 .SLOWLY ACCUMULATE NIFTY BETWEEN 8700 -9000. LOW RISK TRADERS SHOULD KEEP STOP LOSS BELOW 8600 ON CLOSING BASIS. HIGH RISK TRADERS CAN HOLD AND ADD MORE NEAR 8300. STOP LOSS WILL BE INDICATED IN NEXT WEEK'S NEWS LETTER.