AbhishekHSinghCMT

Nifty- Look the Zone 8540-8550 (Look Left Trade Right)

NSE:NIFTY   Nifty 50
719 15 6
Always look left & trade right- this is the most important lesson a trader should learn from the markets.

Nifty             yet again reached very important zone 8540-8550 which again can halt its down move-so be little careful in selling side & plan your trades accordingly.


Nifty- All Waves overlap from 8968- Trouble Ahead
Trade active: 14:18 Hrs 13th Oct2016

Trading@8572

Nifty Day's low@8541

Vow- it turns from the zone 8540-8550- Support is the showing its magic again.
Trade active: 15:07 Hrs 13th Oct2016

Trading@8570

It has good support at 8550 -any move below that shall put nifty into some more pressure
Trade active: 15:19 Hrs 13th Oct2016

Trading@8581

I love NIfty

Thank You Guys - Have a nice day ahead. Let us meet next trading day on 14th Oct2016 for some more excitement.
Trade active: 08:35 Hrs 14th Oct2016

Key support-8550 -with that support -we will look a bounce in nifty to gap down area of 8650-8660 of yesterday.

Going below 8550 - will take nifty down to 8480-8490 zone

Or with 8550 as support shall look for 8610-8620 as target zone
Trade active: 10:05 Hrs 14th Oct2016

Good Morning, All

Trading@8562

As expected target zone for 8610-8620 -Nifty made close by high@8600 -started falling.
Trade active: 10:28 Hrs 14th Oct2016


Trading@8584

Nifty made a low@8550 exact & turned again-look how 8550 is again & again pushing nifty up.
Trade active: 10:35 Hrs 14th Oct2016

Trading@8577

No more long positions going below 8540 -Nifty becomes bearish likely will target 8480-8490 zone
Trade active: 11:29 Hrs 14th Oct2016

Last Price-8581

Nifty is doing time pass before the market breaks down -90% chances are big for Nifty to touch 8480-8490 below 8540-8550. There is a triangle forming- likely it will be a pressure move downside.

snapshot
Trade active: 12:27 Hrs 14th Oct2016

Trading@8577

If it goes above 8600 -then Nifty will target for 8650-8660 zone else we will wait for 8550 to break for selling for targets 8480-8490 zone.
Trade active: 13:35 Hrs- 14th Oct2016

Trading@8595
Nifty again turned very close from 8600 levels, making a high@8597 & had a fall till 8580's
Price is doing sideways -taking a buy is with risk element so take care of your stops -likely avoid trading on upside because of more risk.
Trade active: 13:55 Hrs 14th Oct2016

Trading@8587

Eaten stops so many of them at new high@8604. So, I said -it's risky to take buy in this market.
Trade active: 14:33 Hrs 14th Oct2016

Last Price@8592

Current High@8604

Going below 8575- Nifty looks down & have a good potential downside till the zones 8480-8490.
Pressure will be seen once nifty goes below 8550 also
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
I think Nifty's trend is on the upside until 27th-28th Oct.
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Let us see.
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last was nice chart reading abhishekji...
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Thanks
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This month expiry level sir
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Hi, I am not some Jyotish that I know what will be expiry level- in case I come to know the same- I will likely turn into Jhunjhunwala - my idol. I can do it part by part how prices are thrown to me- like a ball- when the ball comes then only batsmen can decide -where to hit.
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Thank u sir
Reply
Welcome
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Hope so you got my point of view. Regards
Reply
could you please explain what does it mean look left and trade right.
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