WaveTalks

Nifty - Journey Comes Full Circle at 11425

Long
WaveTalks Updated   
NSE:NIFTY   Nifty 50 Index
Trading Strategy

Plan A -Risky Traders Sell Call
Going below 11375 only- put strict stops above 11390 & look for 11350- 11280/11290

Plan B
Buy Above 11400 strict stops below 11375 for 11450-11460 / 11590-11600 / 11700-11725 / 11900-11925

Plan C -
Only above 11980-12000 we shall look for 12200-12300 target zone

Last Video Idea
Is 11461 the Bottoms - Accumulation wedge -
Initially We aligned ourself for an important sell from 11700-11710 zone for 11600/ 11525 & more later
my assumption of bounce from critical zone 11470-11490 went wrong so the choppy wave from 11461 to 11706 could be another corrective structure which is part of even larger wave.
Trade active:
03:00 Hrs / 22nd July 2019

Last Price@11437

Good Morning!!!

Holding above 11400 - keep trailing your stops & moving with Index which is likely to visit 11450/11460

Modified Target
Moving above 11460 - look for 11500-11525 zone

Selling if Index faces resistance between 11500-11525 for below mentioned targets
11350-11280/11290 & finally 11100-11125

Going below 11400 today@22nd July 2019 - don't hesitate to sell & remain in sell till the the time it holds below 11400 which is now your level of reference for next few days.
Comment:
09:40 Hrs / 22nd July 2019

Last Price@11325

Day Low@11301

Close to 2nd target on downside 11280-11290 - Book Profits & take any sell below 11280 only
As some bounce can be expected upside to 11350-11380
Trade active:
09:56 Hrs / 22nd July 2019

Last Price@11343

Plan A - Done very close to 11280-11290 -------------- Day low@11301 - As suggested in the status update few mins back as well to book profits & expect upside push to 11350 / 11380 - Very close to 1st target from 11301- day low so far.
Enjoy.

Trade active:
10:52 Hrs / 22nd July 2019

Last price@11352

Look at the beauty bounce from 11301 to 11380 - Both targets reached - 11350 & 11380 -Exact!!!

Trade active:
12:06 Hrs / 22nd July 2019 -

Let us recap what we have done so far

Trade 1- Sell
Fall 11390 to 11301

Trade 2- Buy
Bounce 11301 to 11380 -

Trade 3- Sell again exact from 11380
Fall again 11380 to 11315 -

So, what's your plan next for rest of the session. Do update me on idea comment - no personal message please- can't answer individually all. Thanks

Trade active:
12:22 Hrs / 22nd July 2019

Last Price@11330

See we trail the stops close to 11320 if you have bought or taken long just now so that you don't lose anything & we see whether it holds 11280-11300 after some time from now.
Trade active:
12:50 Hrs / 22nd July 2019

Last Price@11325

Plan to take long positions but with strict stops below 11280 for 11380- 11425. Thanks
Trade active:
14:39 Hrs /22nd July 2019

Last Price@11320

Strategy for rest of the session

Buy if holds 11300 for 11340- Above 11350 for 11380 & Sell if goes below 11300 -do check it remains below 11290 -expect 11250. Thanks
Trade closed: target reached:
07:51 Hrs / 23rd July 2019

Review of the Idea

Plan A - Executed complete as suggested in Trading Strategy above- Sell below 11375 for 11280-11290 ( Suggested to cover at day low@11301)

Modified Plan
Plan 1- Buy close from 11300 with stops below 11280-11290 for 11350 (Target 1) & 11380 (Target 2)

Result - Target 1 & Target 2 achieved both

*Note* - Beautiful Bounce from 11300 to 11380 -to the level exact which was 2nd target mentioned.

Plan 2 - Sell from the tops 11380 - Back again to 11300

Result - achieved complete target

Plan 3 - Buying from bottoms for 2nd time with strict stops below 11280 for targets 11340 & above 11350 for 11380.

Result - achieved partial target at 11340

Thanks for supporting the idea & Congrats!!!
Trade active:
14:47 Hrs / 23rd July 2019

Last Price@11311

Hope, You enjoyed Intra updates as of 23rd July 2019.

Plan 1 ( Derived ) Selling from top 11360-11370's as Intra Update 1 - we expected to buy close to 11300-11320 zone

Result - Fall from 11360-11370's to 11316 low


Plan 2 - Buying from 11300-11320 zone as close to 11300 (Day low@11316) for 11350 - Target 1 & 11400 -Target 2

Result - Both Targets Achieved

At the highs@11398-11400

Plan 3 - Selling from 11400 Tops (day high@11398) & looking back to 11300 - Almost 100 points fall done.

Selling from the Tops @11400
Trade active:
15:11 Hrs / 23rd July 2019

Last Price@11333

Turning Back Again from lows@11300 - Are you full upto the rim.

Comment:
10:30 Hrs / 25th July 2019

Last Price@11320

Only few answered the puzzle of Hidden Trade as per the Intraday Update 2 @24th July 2019.
All the last idea supporters who took - Hidden trade as per "Plan 1- Intraday Update 2" can come in comment please say - you have taken the hidden trade

Just say only ------that you have take the hidden trade. Only 1 liner - " Say Yes -Hidden Trade Executed" Thanks a lot.
Comment:
11:27 Hrs / 26th July 2019

Last Price@11278

Its a century for the day 100 points in the Index.

Hope you enjoyed the roller coaster ride done so far for the day & cluster zone. Read the status update & enjoy rest of the day. Thanks
Trade active:
11:56 Hrs / 26th July 2019

Last Price@11300

Can you believe it - Its 11300 !!! from the bottoms - Wow
Comment:
14:49 Hrs / 26th July 2019

Last Price@11280

Upside Resistance Zone - 11300-11310 is important for day traders - They can keep their stops +25 points above & sell as close as possible to upper range & expect a fall to 11240-11250 below 11240 for 11200-11210
Going below 11200 - we expect 11150 - 11175 zone.
Happy weekend. Do join for next video idea this Sunday@28th July 2019. Thanks

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

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