AbhishekHSinghCMT
Short

CNX100- Surgical Strikes on Market

NSE:CNX100   NIFTY 100
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2
127 2
As expected in the below mentioned chart that we are starting downside & need to be careful. Surgical Strikes -They never give time to react.


Trade active: 14:58 Hrs 10th Dec2016

Last price@8500

Recent low@8100

Doing sideways & shall continue down once it starts moving below 8100
Hi Abhishek, can you please tell me if elliot principles holds even during these strong emotional/sentimental days ??? Can we expect some exceptions ??
Reply
Yes -Why Not. Nifty I have been telling for so many updates that it is a leading diagonal -if it comes maximum retracement upside-can come to 8850-8900 & bulls can exit but markets gave carrots to these bulls in last 2 days. Whenever you have leading diagonals upside or downside -reaction is very deep in 3rd waves which is evident today & Look Gold -It will rally above 1377$- which is on the way.
Reply
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