Trajectory For NF

Below is the possible trajectory for those who are incurring losses in March Puts.

As such My quantity will be 6 lots to play. Those who have less risk appetite can play in 2 lots of NF

Go Short below 5553. Stop loss 5559. Target 1 is 5526.65.
Go Short below 5543. Stop loss 5559. Target 2 is 5522.15.

Also Above 5560 Go long for Target of 5585 - 5620.

Also Below 5520 Go short for Target of 5500 - 5480. 

Wave A      5553.45 - 5526.65
Wave B      5526.65 - 5543.21
Wave C      5543.21 - 5522.15

Wave 1      5510.10 - 5526.65
Wave 2      5526.65 - 5516.42
Wave 3      5516.42 - 5537.49
Wave 4      5537.49 - 5524.44
Wave 5      5524.44 - 5551.23 

Also If we Open Gap Up around 5600-5580. Go short with sl of 5630 for target of 5555 and again buy at 5555.

Kindly note that this based on pure Mechanical system So Traders are advised to  look at other indicators also.