Top trading ideas: Buy Sun Pharma, Maruti Suzuki and Tata Motors

Trader should book profit at current levels & use any kind of rise to exit or sell for trading perspectives for short term

NIFTY      
CLOSE- 9964.40 (22.09.17)
 
Nifty closed the week in negative territory. Market finally completed 5 wave advance rally started from December-2016 as preferred alternate from wave count perspectives. Nifty hit a new high of 10,178.95 levels & Sensex touched a high of 32,524.11 levels in recent rally during week. Sensex failed to make a new high in recent rally that created negative divergence for short term. We saw a sharp fall at the end of weekly trading session with 5 wave decline so far on hourly chart. Most evidences are giving confirmation to finally conclude short term reversal