Lets look at last A-B wave on daily charts

If we look at next level of EW we are getting confidence that A-B-C looks to be a right count

And if you look at fundamental analysis, you will see PE ratio of Nifty to be at all time high at 3rd deviation (99.7% above). That means this condition can come once in 3000 data points. Very hih probability of turn around…

 

Following stocks/Indexes may give good short trading opportunity from here

• BataIndia
• DLF
• Exide Industries
• Bank Nifty

For details, watch my video.