holding below 141 - 142 - we can look for targets 136-134-131 & lower targets
Strategy 2 - Middleman Push - Buy Call
Any push above 141-142 levels can take it higher to 150 levels where profits have to be booked. Any move later above 150 without dipping back again below 150 is clue for Strategy 3 mentioned below
Strategy 3 - Long Term - Buy Call
Any push above 159 - Can be awesome move upside for uncharted area which can lead to 170-180 zones.
Strategy 4 -Most Awaited & Supersonic - Buy Call After falling below 130's Any push above 130- Look for higher upside later may be Feb- March 2018 for 170 - 180 Zones upside. For Super Sonic Move -Keep in mind that it should not move below 90 levels -Holding above 90 -this strategy is valid.
Move Started from 141 highs as expected in Strategy 1- Trail your stops covering your brokerage cost at entry price of 141. Can book partial profits as well 2 Bucks
Booking Another Partial Profits at 137.50-137.75 & shall be waiting on sidelines - Taking Tea Break.
Wow! - Great Pushes upside from 137.15-137.50 Zone - Can be risky buy call for risk takers who can afford stops below 137 for 139.50-140
Later if 141 is intact - we might see fall again to 137 - 136 - 134
or Going below 137 - It is heading next downside target of 136 - 134
Index taken support just above 11000 mark & turned upside from 11010 lows of the day.
We have short term bullish butterfly @11010 Lows -Looking for short term bounce to 11105 levels - shall book partial profits & have fun for weekend.
Book Partial Profits at 11075 & Above 11080 for 11105 - Have a nice weekend.
Close to Target of 136 below 137 - We also had an opportunity to see risky bounce from 137.50-138 to 138.90 as shown in small circle which was close to 139.50 upside risky target in between as suggested earlier Below 137 for 136 -134-131
Take Care -Have a nice weekend.
An exciting journey from 141-142 to 107
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ