Dated :- 08.05. 2016                                 NIFTY SPOT : 7733.45

Hi,

Readers,

Nifty moved exactly as was predicted in my previous blog dated May 02, 2016.

Wherein, it was mentioned to hold the balance short positions created at 7870 Nifty spot with the very tight stop loss of 7902.

Nifty made a low of 7678 and closed the week at 7733.45.

By the Grace of Almighty and your blessings, Like always before this time also the starting point of correction was accurately predicted in advance on the blog.

Readers would have enjoyed the profits.

Now What :-

Book full profits & close all the short positions in Nifty.

Nifty's movement when it was coming down was slow and it has taken the support of 7650 at 7678 twice which can lead to rebound from here.

Now for at least next two days, I would like to look for buying possibilities.

Strategy is to book full profits from short positions. Because I always say "Profit Woh Hai Jo Gha Aa Gaya".

For at least  next two trading sessions, till 7650 is protected on closing basis I would like to look for buying, wherever possible for a trading bounce from here.

Enjoy the profits.

Note :- All levels mentioned are Nifty spot always.