Yesterday I suggested to short Nifty around 4930 and first target was 4880 and second is 4810.
Here is how chart looks today as of 1:30 pm
Related Posts: http://blog.vikasverma.com/2010/02/nifty-positional-call-bullish-wave.html
Update: I am out of my position @ 4868.. it may bounce back all the way to 4905 but I am not in the trade
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