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
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!!!
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