NIFTY TREND

Nifty likely to be gap down as the correction is going  to wipe out weak investors who were hanging on  to OTM CEs.  

See my post on Monday signalling the correction.

I  have given a clear range in the beginning of the month  10699-11019.  This has worked  perfectly without any mistake. 

With just 4 days remaining for December expiry, next week is truncated  due to X-mas, one  must exercise extreme caution  while buying CEs. Because the sentiment in US market does not augur long  position.

Be short till 10752/768 and you can go long from this level on a daily close above this number.

Good Luck!!