AbhishekHSinghCMT

DAX & India Nifty- The Last Bulls Capsule from 11400 -Trump Card

Long
AbhishekHSinghCMT Updated   
INDEX:DEU40   DAX PERFORMANCE-INDEX
9
DAX- Since Feb2016 lows@8699 is a complicated move ABC on a larger degree& when this gets over- we reach back to bottom@8699-obviously -it will never fall straight-as we all know that financial instruments never move in a straight line.

So, its a nested structure till the time 11400 is intact downside. Any pullback on account of Mr. Trump's joining office 20th Jan2017 shall be watched keenly across the globe-

Indian Group performing- Go Man Go!
Don't forget to see an Indian choreographer-Suresh Mukund from Nalasopara, would be performing at the inaugural ceremony before US President-elect Donald Trump joining office on January 20.

From 9225 lows DAX is moving into a nested impulsive structure & the last one for the season to continue upside against 11400 key & critical support.

So, there is a space of 200 points in DAX between 11600-11400 where it could dance on account of trump event, but likely holding 11400 -it moves upside making a new high above 11692- so any pullback is the buying opportunity in DAX

Finally, I am sorry to tell you that once capsule effect is done the pain shall start back.


India Nifty
The Box -Index is trading between 8460 & 8370 -likely any pullback is the buying opportunity in Nifty -keeping 8460 intact on top-for the day- we will look for 8370 & below 8370 for 8325-8275 these are all supports where bulls will be interested to come back again for the last laugh.

Look the Structure in Nifty & DAX - Both are ABC-----------ABC.

Thanks & Regards,
Abhishek H.Singh, CMT
Trade active:
11:18 Hrs 21st Jan2017

Last Price@8345

When this correction is done - I am waiting for a final impulse upside close to 8500 zone, so looking for European markets to support & a new high in DAX.
Trade closed: target reached:
06:53 Hrs 26th Jan2017

DAX last price@11806

Nifty last price@8602

Likely DAX as expected gave an awesome rally yesterday 200+ points rally & final bit is left before it turns down.

Happy Republic Day to all of you!
Trade active:
07:45 Hrs 8thFeb2017

Last Price@11550

It could be a possibility that DAX has already put a top@11890's & fall from 11890-11900 high zone was sharp down till 11460 In coming days once if it starts moving below 11450- that will support the idea moving forward regarding important top in DAX.

Short Term we are looking for a bounce to 11750-11850 zone & shall come back to see whether it is facing any resistance with strict stops below 11450 for this short term buy call.
Trade closed: target reached:
07:45 Hrs 17th Feb2017

Done & Out for DAX & Possibly for Nifty as well.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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