AbhishekHSinghCMT
Short

Nifty 100- Why You Should Be Careful@9188

NSE:CNX100   NIFTY 100
158 5 7
The index had a double top in the zone 9100-9200 zone- Likely looking to correct as momentum indicators aren't supporting the current leg, which started in Feb-March 2016 from the lows@6924- hence it is very likely that Index could correct & it is standing on our doors.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
The same case for NIFTY also,because B WAVE is not taken by FII's
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at the moment and from Short term point of view, downmove is weak and most likely we revisit 8900 before anything else.
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Could be possible but we need to be careful.
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I was waiting for your analysis on monthly Nifty chart. Thanks .
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