Dated :- 03.08. 2016                                 NIFTY SPOT : 8544.85

Nifty is coming down as expected and today it made a low of 8529 and closed at 8544.

Nifty should have fallen more sharply. But it is taking too much time to come down. It is coming down slowly and slowly which is not good.

Prudent traders always protect his profits and remain alert. If Nifty is not following the path it should have followed. Then it means that it is time to book whatever small profits you have and step aside.

Thus, book out whatever small profits are there in short position in Nifty and close the position and step aside.

Waiting too long for things to happen, is living in hope in this market. Which market often do not oblige.