A reversal looks to be in the offing and targets are open
Whatever upward movement is coming in nifty is the last wave of the trend wave 5. Short nifty with a Stop loss of 16225 Target 14800
Stoploss would be 16225/16300 Target 14800 Sell october month future)
Short dow jones near 35400-500 Target 32000 (Initial point has been taken in an unconventional way so don't go gaga about it)
The anchor points selected for harmonic pattern may seem unusual to beginners and some intermediate traders but are correct Trade will be invalid above 214
Stoploss 15900 (100 rs up from CMP) Its taking too much time at present levels which doesn't look to be a good sign hence testing support may be a possibility
Stop loss 15480. Nifty just completed a small correction and now uptrend will resume
Target is 16050-16100
Hindunilvr has completed a perfect AB=CD on daily TF. After spending a considerable amount of time in consolidation it is read for upmove