AbhishekHSinghCMT

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

NSE:NIFTY   Nifty 50 Index
740 views
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.


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.

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
​Growth Director - TradingView India

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Comments

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...
Reply
AbhishekHSinghCMT uttamtrader15
Thanks
Reply
This month expiry level sir
Reply
AbhishekHSinghCMT bharathi1464
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.
Reply
Thank u sir
Reply
AbhishekHSinghCMT bharathi1464
Welcome
Reply
AbhishekHSinghCMT bharathi1464
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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