AbhishekHSinghCMT
Education

E- wave or Extradition Bill -Hong Kong- Is it too late?

NSE:NIFTY   Nifty 50 Index
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


Trading Strategy

Daily Outlook

Index is close to the current supply zone 11025-11050 & this zone acted as supply zone even earlier so we need to be careful. Any upside extension can be expected once index sustains above 11050 where It has scope to travel upside in 11100-11125 & it shall face key resistance zone of 11140-11150.
Few confirmations required for short term trading
Trade below 10950
Break of the rising channel which holds – “wave-e”
Initial clue confirmed with bearish Candlestick pattern- Evening Star

Weekly outlook –
Bearish Till Critical Level of 11200 acts as resistance (holding stops above that level) our downside objective – 10750/10630-10650/10580/Below 10580 for 10525-10535.

Don’t forget to tune in the next video idea – on “Gold at 15K– Raising Mercury Level’s ”
Sep 11
Trade active: 13:59 Hrs / 11th Sep 2019

Last Price@11040

Day High@11055

Halting close to 11050 as suggested in trading strategy- Index could slip if goes below 11020
Sep 11
Trade active: 08:19 Hrs / 12th Sep 2019

Last Price@11035

I always tell my followers since I started writing 3 years back - Never Ever Trade on Emotions that "it will come down or it will go up"- what is most important - is the price confirmation.

Dow Connection
Looks like an expanding structure & once level - 25340 on downside gets breached - it will slip in fast & furious mode -
So, let it slip & we should just follow the path behind markets.

So, kind of Master -Dow -waiting for Mr.India (E- wave) to complete then Master Dow will start its E-wave which gets confirmed only below 25340 level.


India Nifty

Let Index trade below 11020 or above 11050 if holds then expect upside push as suggested in the Trading Strategy. Thanks & Have a wonderful day.
Sep 12
Trade active: 14:50 Hrs / 12th Sep 2019

Last Price@11008

Recent low@10986

Traders should book partial profits close to 11000-11010 zone & take further selling only below 10985 spot price

As holding above 11000-11010 zone - some bounce may be expected upside close to 11050-11060. Thanks
Sep 13
Trade active: 10:45 Hrs / 13th Sep 2019

Last Price@10988

Intraday Resistance - 10985 / same old previous resistance 11020 - This morning -Index rallied upside close to 11020 & resumed back it's fall

So, Keep a watch on these resistance level -if you feel these levels are stopping the index - you can take sell or short positions but avoid any selling if goes above 11020-11030 zone.

Downside Support Zones which can be profit booking zone
10890-10900
10850-10860

More damage can be seen if goes below 10850 & holds downside
Sep 13
Trade active: 15:20 Hrs / 13th Sep 2019

Last Price@11079

Its a weekend so be careful in holding your positions - zone 11020-11030 failed to stop the move as suggested earlier or last update above.

But This structure is still bearish on weekly basis -as it gets violated only above 11140-11150 zone so we are still open for downside target
10750/10630-10650/10580/Below 10580 for 10525-10535 as suggested in "weekly outlook" above.

This morning -it dropped just below 10950 & could not hold below that level was indication of partial profit booking which was suggested in the main update above "Trading Strategy" part that going below 10950 - is required as confirmation for downside.

Day low - 10946

Thanks.
Sep 17
Trade active: 11:08 Hrs / 17th Sep 2019

Last Price@10933

Current Low@10915

Good Morning All!

Review of Price Action since last week :

As expected in last week's closing update- structure is weak & vulnerable close to 11100's.
If it travels above 11140-11150 -whole pattern or structure gets violated, then I will erase the pattern & start hunting for something else.

We got a fall of 170 points since last week's closing price & from the highs of 11080-11085. It's almost close to the 2nd important support zone or level -10900 which was suggested over the video idea as profit taking level.

Trading Strategy :

Any fresh selling should be taken next only below ----------"10890-10900" zone. Please go through the video again & again for a refresher & to understand the levels properly.

If 10890-10900 holds - bounce can take Index back to 11000 above 11000 for 11075-11100 zone.

Upside Resistance Zone -11140-11150- Enjoy Your Day. Thanks for all support.
Sep 17
Trade active: 13:10 Hrs / 17th Sep 2019

Last Price@10893

No Buy Positions at all below 10890 - if by chance it bounces upside above 10900, you may think of buy else it can fall more on downside. Thanks
Sep 17
Trade active: 13:40 Hrs / 17th Sep 2019

Last price @10875

Day Low@10850

10850-10860 was the prior important zone -if you remember we the got the upside bounce for 11K
So, Its an important support zone & next sell below 10850. So, this zone also can offer upside push if 10850 is holded downside. Thanks
Sep 17
Trade active: 14:12 Hrs / 17th Sep 2019

Last price@10830

Below 10850 - It can extend downside to 10750
Sep 17
Trade active: 14:45 Hrs / 17th Sep 2019

Last price@10817

Going below 10740-10750 - Downside Target for Index is 10630-10650 -all mentioned in the Main Video Idea - Please check The Weekly Outlook above.
Sep 17
Trade active: 15:25 Hrs / 17th Sep 2019

Last Price@10822

If you can't carry positions home then trade below 10795 for 10750/10650 later.
Sep 17
Trade active: 19:57 Hrs / 17th Sep 2019

Last Price@10817

Have suggested before closing today that next sell happens only below 10795.

It has strong chance of bounce back to 10890-10925 zone upside if it holds 10790-10800 zone where it will find next resistance. Thanks
Sep 17
Trade active: 20:29 Hrs / 17th Sep 2019

Last Price@10817

Let picture do some talking - visuals will make the scenario clear. Holding 10790-10800- This could be the next scenario. Thanks & Enjoy Your Day.

Sep 17
Trade active: 09:57 Hrs / 18th Sep 2019

Last Price@10825

Wow!!! - What a start for the day ------------- Index touched 10885 as expected zone was 10890-10925 in the last update in the evening.

Opened gap up - went close to the zone & falls on its face back.


Trading Strategy

Key Resistance for the day - 10885-10890

Holding that zone upside -if you get a bounce close to 10850-10870 then one may plan to sell later for targets 10820/10775/10750
Sep 17
Trade active: 10:25 Hrs / 18th Sep 2019

Last Price@10847

Beautiful Bounce

Bounce from the support zone 10795-10800 as expected in previous update above - Its close to the minor resistance zone 10850-10870 - if stops - then one may plan their short trades with strict stops above 10890 as per spot price. Thanks & Enjoy the day.
Sep 18
Comment: 12:37 Hrs / 18th Sep 2019

Last Price@10845

Index bounced to 10865 - as expected last -In present scenario it is range bound market so sell at 10860 & buy at 10800 should be the strategy for a while. Thanks
Sep 18
Trade active: 14:50 Hrs / 18th Sep 2019

Last Price@10849

Since This Morning - We have traded 5 times between 10825 - 10865

What Next?
Expecting Sonic Move Downside to 10700-10720 with minor support in 10740-10750 zone

As updated 30 mins back in TradingView Status

14:27 Hrs / 18th Sep 2019
Nifty Get ready for the next video idea this evening- "E-shock" . In the last video idea -fall from 11085 traded right at the top. Expected -10700-10720 to finish downside leg.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
You are doing a great sacrifice by sending alerts oftenly.
Thanks a lot
Reply
@krihar, Welcome.
Reply
sir today nifty bounced from 10800.any chances for 10900,11200? i know saudi arabia issue. and all indices dropping.
Reply
@SSPKOS90, We are coming from same level 11100 in downside direction so it will take atleast some time to go beyond 11200 & if it crosses 11200 -it most likely to cross 12K mark.
Reply
Sir any chances of going below 10500 too?...I know our target is 10500 max as i am holding my position from 11080 short till now.
Reply
AbhishekHSinghCMT vishalneverevergiveup
@vishalneverevergiveup, See it never happens in one direction that is why trading is difficult. So, if it holds 10800 -we expect a bounce to 10885-10900 & later fall or if it falls below 10790 - surely it extends downside & going below 10740-10750 our target is 10630-10650.
Reply
vishalneverevergiveup AbhishekHSinghCMT
@AbhishekHSinghCMT, Yup cent percent agree with you....Thanks for ur update and nice prediction from the top .....my guess is it broke the symmentrical triangle and now let us wait if it touches and falls from 925-930 or falls directly....Also sir have a doubt like it is very difficult to book profit @ every support..and keep a new position once it breaks the support..Not sure how u do it?..cheers sir ....Great perspective and logic u showed...thx
Reply
AbhishekHSinghCMT vishalneverevergiveup
@vishalneverevergiveup, You should not trade frequently -only at major reversals like 10800/ 10900 etc
Reply
vishalneverevergiveup AbhishekHSinghCMT
@AbhishekHSinghCMT, cool sir ....Will keep in mind ur advise from next time...thx...
Reply
China vice finance minister to head to U.S. for trade talks on Wednesday, If it successful then what next Nifty levels, if it fails then what next Nifty lelvels.
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