The Financial Waves Interim Update

The below Interim update was published by Waves Strategy Advisors to equity clients. For more information on daily research report - "The Financial Waves" visit www.wavesstrategy.com or write to helpdesk@wavesstrategy.com.

The Financial Waves Interim Update

Bottom Line: Nifty has retraced the complete up move from 5970 to 6230 in faster time. Apart from short term trend the major trend has also probably changed to down for the year. Avoid creating any fresh long positions and use trailing stop method for existing short positions as per levels mentioned in report to ride the trend!

We will publish the downside projections in tomorrow’s report of "The Financial Waves" with crucial risk management levels. Stay tuned!!!