Trade Plan 26th DEC :

NIFTY : 

What is stopping the fall. What's that light which is holding the BLACK DAY ?
We go and hold near 5843.

Its the 22 ema , as I had posted a possibility few days back , prices will come back and kiss 22 ema  for sure. Thankfully it did.

But what is making me my bearish views go on ?

MACD : The GodFather Indicator has posted a negative divergence.
Support : For now if its the daily 22 ema (5843) , prices are not coming up with a meaningful bounce from there. We are doing round and round near the support levels.
And I believe if the prices don't show a considerable bounce from support levels and cling near to it , sooner or later it gets BROKEN.

SHORT all your WORTH if prices fall below 5843 and place a SL 5845
I have already shorted giving a room for prices to dance till 5/13 ema 5889 (my SL)
I am waiting for one that BLACK DAY where we are capable enough of posting 100 points slide.

Lets see how it pans out.
Though my all mathematics counts RED , a gap up or a fast fly from 22 ema can spoil the game.
Nifty has that capability to crush all your intellect . It does often.

Merry Christmas .
And a very happy birthday to Mr. Atal Bihari Vajpayee.

SS