Nifty Page: 3-9-2012

Nifty continues to be in "short at rise" phase:

But today's rise may surprise us.
As I mentioned earlier also, the downmove ABC from 5448 is in play wherein
A=5448-5255=193
Either B in play as an Expanded Flat
Or B ended at 5333(as per Hour chart) or 5343(as per Daily Chart) and C in play.
Both the Probabilities illustrated in charts below:

Safe Stop-loss for shorts is at 5370
First target is 5213

EOD
Although Nifty closed near day's lowest but failed to breach Friday's low--thereby failing to answer the question posed in the morning---
Whether we are in B or C?
We may still be in B---B(b) to be specific with B(c) yet to play out---as follows:

Or if B is taken as finished at 5333(Hour chart) or 5343(Daily chart),then C might be in play as a 3x3x3x3x3 Ending Diagonal wherein:
C1=5333-5239=94
C2=5239-5396=57
C3 in play as a 3 wave form whose
sw1=5296-5243=56
sw2=5243-5276=33
sw3=5276---likely to do 5220
C4 to come up again but not go above 5296

Stop-loss for shorts now at 5276

Because of this ambiguity in labels--closed my shorts in last minute.