This was a day which was completely different from what we saw in the last few days ..  Mkt opened lower went on to make higher highs ... came down like 9 pins and went up like rocked in the last few minutes... I think the short term downtrend is over... but our system is still short ...

 

Our stoploss now moves to 4920 ... We lock in minimum of 100 points profit in this trade ....

8th December Short Nifty at 5022
14th December Stop Loss and long at 4920 (on close).


Please remember the setup will change its trend only on close above 4920...