How to trade Nifty after exit polls

Hi friends,

                 In my old post i mentioned about nifty resting or consolidating

after steep run,My expectation for a bottom was around 6600 levels nifty 

reversed from little above that.

Lets see the present picture.

From the picture ,It can be seen

i have marked 2 counts yellow

and green .

The green one is quite bullish count

which suggests extension and we 

are in 3rd of 3,This count portrays

a very bullish picture in coming months.

The Yellow count is abcde and right now e is on,Some observations from 

this count c=1.61a(almost) and right 

now even e is exactly equal to a ,Interesting indeed ,The point is nifty is right now hovering in an important

area 50-100 points here and there is ok but if we don't cross this range of (7000-7200) we should be in for

a consolidation which can turn into a good steep profit booking below 6700.In a bull case 6700 would be held that,s where the big support lies for the recent rally.

Track these levels closely and we see where nifty heads post 16th!!.

Regards

Rish