This is the Nifty Analysed Chart with most probable Elliott Wave Counts as on 07 Jan 2015:
And this is my view and action taken based on this analysis.
I AM NOT GOING TO SELL NIFTY AT ALL (My personal View)..
Two Possibilities are suggesting a good upside move above new high from here or from some lower levels. I WILL NOT SELL AT ALL… I will go for Buying only.. whenever see opportunities with stop loss.. Avoiding any SELL.. Its my personal View based on my personal Analysis without considering any News, Global Sentiments or Global factors..
And I also traded: Bought 4 lots Nifty Future at 8117 (Spot) with Day’s Low as Stoploss. Took 20 points Risk Rs. 2000
Posted on my Facebook Timeline in Morning, Link https://www.facebook.com/sweeglu1304